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Originally Posted by Michael G.
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Hmmm, that must also mean they know inflation is here to stay despite their claims it's "transitory". What about those who are not eligible for S.S. yet and are in that gray area of still being employed, maybe part time, as they taper off towards retirement?
On the face of it , it looks like it will help seniors but raising wages/payments just increases the wage-price spiral (prices continue to go up). Maybe the govt. figures they are doling out more now, but they will be keeping an eye on everyone's bank/retirement accounts, savings, investments, etc. and they'll get it back somehow.
