Thanks to The Fed's non-transitory 'transitory' inflation, millions of America's retirees are about to get the biggest pay-rise in 39 years.
Since 1975, Social Security general benefit increases have been cost-of-living adjustments or COLAs, to keep pace with The Fed's post-Nixon inflationary pressures.
With 2020's surge in inflation refusing to obey The Fed's narrative, this year's COLA will be a stunning 5.9% - the highest since 1982.
Poster Comment:
Since inflation is 13%, actually 70 million will be getting a pay cut.