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Readers' Mail: It Costs More To Be An Elder In America A Cost-Of-Living Adjustment for Social Security recipients is now under study in Congress. Elders incur rising costs in the usual market basket of goods underlying the Consumer Price Index; additionally, it just costs more to be an elder in American society. Along with the higher food, rent, prescription drugs, and health insurance premium costs, elders must spend money on:
Elders frequently have to hire necessary services they formerly performed for themselves:
These factors should be borne in mind when deciding whether to establish a different cost-of-living index for elder citizens than for younger ones.-John T. Goldthwait, St. Augustine Beach, FL This article first appeared in Volume 5, Issue 2 of "The Social Security and Medicare Advisor" newsletter (December/January/2000). To receive future editions of "The Advisor" in its special, free e-mail version, please click here. | ||||||||
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