Thanks to collapsing oil prices, inflation has been flat—and that means it's looking more and more likely that retirees won't see a cost-of-living increase in their Social Security checks come January.
And while that will be tough enough—especially on retirees who are already struggling to get by on those Social Security checks—the ones who will really be feeling the effects are those in higher income brackets, who will likely see their checks go down as a result of higher Medicare Part B premiums.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.