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Inflation continued to decline on an annual basis in January, as the Consumer Price Index for January 2023 rose only 6.4% -- well off the 9.1% peak set in June 2022. That should be cheery news to...
The Social Security increase for 2025 was below the current inflation rate. ... One issue that remains at the forefront for seniors is inflation, and it is a cause for concern. The Federal Reserve ...
Consumer prices dipped 0.1% on a monthly basis, bringing the annual rate of inflation to 3% from 3.3% in May, according to the Bureau of Labor Statistics’ latest Consumer Price Index report.
However, from December 1982 through December 2011, the all-items CPI-E rose at an annual average rate of 3.1 percent, compared with increases of 2.9 percent for both the CPI-U and CPI-W. [28] This suggests that the elderly have been losing purchasing power at the rate of roughly 0.2 (=3.1–2.9) percentage points per year.
COLA isn't really matching the reality for seniors. Here's why. ... helps keep retirees afloat as inflation erodes purchasing power. ... This year’s adjustment is closer to the average COLA rate ...
For example, the elderly consume roughly double the medical care of all urban consumers (studied for CPI-U and C-CPI-U) and urban wage earners and clerical workers (for CPI-W); inflation in medical care has exceeded that in much of the rest of the economy. To adjust for this, the BLS computes a consumer price index for the elderly (CPI-E). [16]
Inflation is weighing on seniors as rising prices eat into higher Social ... current inflation of 7.8% means one’s benefit would theoretically need to have increased by $122.00 to be keeping up ...
Car insurance rates have spiked in the US to a stunning $2,150/year — but you can be smarter than that. Here's how you can save yourself as much as $820 annually in minutes (it's 100% free)