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Inflation Relief for Seniors

Inflation Relief for Seniors

Senior retirees on fixed incomes are inflation’s worst victims. What can be done?

  • Index the Social Security benefit tax thresholds – so that seniors do not lose more of their benefits because of inflation.
  • Inflation indexed bonds (TIPS) can protect seniors from inflation. We should also protect seniors from higher taxes when inflation causes income from those bonds to rise.
  • Seniors should be able to exchange their non-indexed pensions (which lose value as prices rise) for an inflation-indexed annuity, which rises whenever prices rise.

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Test Post

Test Post

The inflation rate is the highest it’s been in 40 years. Congress can’t change that. But there are six things it can do to help all of us weather inflation, beginning with full inflation indexing of the tax code. 

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