Monday, March 8, 2010

Inflation Illusion

People don't get inflation. Case in point - another blogger cites a recent communication from the AARP (the American Association for Retired Persons). Apparently, this year because inflation was zero, there will be no cost of living increase in Social Security. The AARP is very upset about this...

We’re already months into 2010, and seniors still haven’t seen any relief because of the lack of a cost-of-living adjustment to their Social Security. For the first time in 35 years, the regular payment update they’ve depended on did not occur.

Congress must act quickly. Will you help us flood their offices with letters, demanding that lawmakers make relief a priority?
.

Presumably, they'd be happier if we had high inflation and they got a larger cost of living increase.