Whose pay keeps up with inflation?
Why Social Security and not the minimum wage?
Most of us don’t have paychecks that automatically increase to cover the rapidly-increasing costs of just about everything. As a result, inflation is making most of us poorer.
But recipients of Social Security just got the largest inflation adjustment in four decades — 8.7 percent — effective December 2022.
The media talk about this as a “boost” in Soci…
