Financial Focus: Reading our Economy Through Social Security
When one is on Social Security, their “raise” or cost of living adjustment, is usually tied in to a federal measurement called the Consumer Price Index or CPI. So, when one looks at the CPI measurement coupled with Social Security recent 2020 announcements show, in our opinion, national troublesome wage stagnation while enjoying a helium balloon type economy. First, a little back history. CPI measurements showed in 2012 that the CPI, was 3.6 percent, the highest in several years prior. Since 2012, the measurement has continued to trickle down. In 2018, the CPI was at two percent. Our new government
