Social Security recipients finally get a raise worth talking about. If it sounds to good to be true it probably is…except for I-Bonds. Healthcare deflation?
Social Security’s 8.7% COLA increase: What it means for your benefits (Wall St. Journal)
High inflation have made life more difficult for most Americans. Finally retirees will get a little relief in the form of the the largest SS increase since the early ’80’s. And this year it won’t be taken away by Medicare fees as those are actually slated to go as well.
At the risk of sounding like a car dealer, time is running out to lock in a fantastic interest rate on savings for the next 6 months. And the estimated 6.47% rate for the following 6 months ain’t too shabby either. This works out to an effective return greater than 8% over the next year. But you must act fast.
The coming collapse in medical care inflation (Inflation Insights)
According to this piece, the healthcare component of CPI is about to go from being a big inflation driver to a persistent drag. Considering healthcare is the 2nd largest component of core CPI, this has the potential to help bring inflation numbers down over the next several months.
If we wait for the moment when everything is ready, we shall never begin.Ivan Turgenev