Renewable Revolution

I took my Social Security retirement at 62 and still glad I did. I am 75. Anyone who waits is fooling themselves. The “full” amount has been so whittled down by low COLA increases each year (that are FAR below the actual amount of inflation), that we are robbed each year of some of our buying power. Every year you wait is money in the pocket of the government and more impoverishment for we-the-elderly. 🤦‍♂️

https://seniorsleague.org/assets/Loss-of-Buying-Power-Report-Methodology-2020-1.pdf

The CPI-E is a little better than the CPI Government BLS (Bureau of Labor Statistics) blatantly low balled inflation numbers. However, all attempts to pass Legislation to make the CPI-E the law have failed, thanks to 👿 Republicans AND 🐍 DINO “Democrats”. Yet, even if we did get the CPI-E made into law, it is still a woefully inadequate Conumer Price Index for the Elderly. 🥺

If you think the above is hyperbole, I suggest you compare the BLS computed CPI meager numbers with the actual inflation rate as computed by the REALITY BASED Chapwood Index:


Even more in-our-faces is the annual loss of buying power experienced by we Social Security pensioners in our Income Tax Returns. While the government admits to some inflation, it refuses to adjust (i.e. index for published CPI inflation) the numbers in the income tax return for non-taxable Social Security Pension income. That is also an underhanded method   of reducing the buying power of our pensions (see graphic below):