The lack of a cost-of-living increase for Social Security recipients in 2016 also means that the majority of Medicare beneficiaries will not have an increase in the Medicare Part B premiums this year.
The Senior Citizens League’s “2015 Survey of Senior Costs” showed a dramatic drop in inflation over the past year, due mostly to falling oil prices.
Inflation impacts seniors differently. The Department of Labor measures that with an experimental CPI index for the elderly called the CPI-E. Is it better?
Yesterday’s election included a couple of victories for retirement planning.