No words can adequately describe this:

Look at this chart:

It's from The Fed's inflation gauge isn't realistic, critics say (via The Big Picture).

Social Security recipients have been losing out to real inflation (anything between 3 and 7 percent) since they get increases based on the newer methods.

And when the change was made in 1998, where was Bill Clinton on this? That modification of the calculation of the inflation rate probably did more to hurt the elderly than anything else over the last 20 years.


posted by Quiddity at 4/25/2008 04:38:00 PM