1 year ago

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This is a backup of the episode from December 29, 2023.

Inflation is the hidden tax that we all pay — on top of all the other taxes we already pay.

As the Federal Reserve pumps more currency into the system, the result is that the government can fund more of it’s wars, and social programs with deficit spending — while the actual value of each individual falls through the floor — and everything at the supermarket becomes increasingly more and more expensive.

That’s all on the negative side.

On the positive side (if you can think of it that way) people who receive Social Security will soon be seeing larger checks — thanks to an inflation adjustment.

Specifically, the Social Security Administration just came out and, and announced that a new cost-of-living adjustment will be made to Social Security payments.

Episode Resources:

🔵 Agency Announcement:

https://ept.ms/3RAdP8i

🔵 Seniors Senate Study:

https://ept.ms/3THmAzV

🔵 Analysis:

https://ept.ms/3TDvD4L

https://ept.ms/3tmUTBX

https://ept.ms/41yxn1j

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