Seniors Aren’t Hit By Inflation?
dependent upon monthly federal Social Security payments have enjoyed yearly payment increases based upon national statistics
showing the general increase in the cost of living.
calculated on the price of certain goods and services from July to September during the previous year, usually goes into effect
in January of each year. But this year, because of the manufactured financial crisis that has left millions of Americans homeless
and out of work, government statisticians are saying the cost of living has dropped. Thus there will be no cost of living
adjustment for Social Security recipients.
not have happened at a worse time. No matter what the statisticians say, the seniors are facing real hikes in the cost of
just about everything they buy. That is because seniors, who are living on fixed incomes, spend most of what they have on
food and medical needs, both of which are going up in price.
also are facing higher costs of government services. That is because local and state governments, long dependant on revenue
sharing dollars funneled down from federal levels, are losing this rich source of revenue. The federal bail-out programs,
instituted by the outgoing Bush Administration and followed through by the current leadership, has all but bankrupted federal
who drive will be paying more for license plates, driver’s licenses and fuel costs as gasoline prices are on the rise
once again. Those who utilize bank services like credit and debit cards are being hit with higher interest charges and extreme
fees for overdrafts when they make errors in arithmetic.
is another factor that government statisticians may be completely overlooking. Workers who lose their jobs and lose their
homes are either living in the streets or they are moving in with friends and relatives. The most common place for them to
turn is to what they remember as “home.” This is the place where they grew up; where, if they are fortunate, mom
and dad still live.
they don’t feel inclined to give up and flee to the old homestead, you can be sure those children are getting help from
the parents just to stay afloat financially, make those house and car payments and get some food on the table while frantically
searching for another job.
though they are often in no position to help, what parent would turn their back on their children in the midst of such a crisis?
Consequently this so-called “recession/depression” is putting a drain on those fixed social security checks.
are hard economic times for the general public. Everybody is biting the bullet in the hope that we will all get through this
crisis before we join the many that have found themselves living in a tent city and rummaging through garbage cans
in search of their next meal.
small wonder that the general voting public is so outraged when we hear stories about high-flying top executives at big banks,
finance and insurance companies and other big corporations who dipped into federal coffers to stay solvent, but then helped
themselves to multi-billion dollar bonuses so they could continue living the high life.