REFLECTIONS

Posted on April 22, 2010

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SOCIAL SECURITY COLAS DROPPED

What, no COLA for Social Security recipients this year and maybe next because there has been negative inflation?

Like other retirees, I buy food and other items that are advertised specials, and I use coupons for those items if at all possible.

In the last 13 months, the purchasing power of my dollars has really deteriorated. To wit: Candy bars went from four for one dollar to three and even two for a dollar. Tomato juice went from 99 cents to $1.39, Pringles from $1 to $1.50, and milk went from $1.99 to $2.69. Have you checked the price of bread recently?

Medicare co-payments are up 20 percent for my generic medications.

Our esteemed representatives in Washington apparently haven’t considered that since March the value of the dollar is down 15 percent according to “Time” magazine.

That’s inflation for Seniors in a nutshell, and COLAS are supposed to protect us from it. I guess the government is cutting expenditures everywhere.

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