Inflation especially tough on elderly, draining social security, retirement accounts - News Summed Up

Inflation especially tough on elderly, draining social security, retirement accounts


For 10 million seniors, Social Security is at least 90% of their income. If I can make it from one month to the other month, that's good." For 10 million seniors, Social Security is at least 90% of their income. At 70, Cynthia Tilford went back to work part-time at the University of Houston to stop draining her accounts. Given the inflation, seniors can expect a near record social security increase next year.


Source: CNN June 10, 2022 23:13 UTC



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