Cash flow may remain the same
Mary Johnson, Social Security and Medicare policy analyst for the Senior Citizens League, warned Americans that their cash flow may remain the same.
“We are still going to see this tremendous problem with prices increasing faster than the COLA,” she told CBS News.
“So, retirees, anybody living on a fixed income, need to be aware that the 5.9percent may look like a bigger increase than we’ve ever gotten.
“But once they go through their household budget, they will realize it still won’t pay for all the increasing bills.”
Johnson added that inflation is expected to continue to grow in 2022.
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