Every year it gets harder to live off a Social Security paycheck. Cost-of-living adjustments (COLAs) fail to keep up with the true out-of-pocket expenses. Retirees must plan to supplement this slowly dwindling paycheck or risk having to make hard sacrifices during what is supposed to be their golden years.
If there was ever a time our federal government should take responsibility for transparent price stability for pensioners, it is now. In this age of unprecedented central bank monetary policy followed by Ben Bernanke and Co. and their counterparts in the developed world, retirees should expect more.