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6.26.2009

Double Digit Inflation & No COLA for SS

Here are the 2 articles I ran across that coupled together should have a profound impact with prospects.

Article #1 – Martin Feldstein (Harvard economist & member of Obama’s Independent Economic Advisory Board) projects 7-10% inflation down the road.
http://www.businessandmedia.org/articles/2009/20090422154308.aspx

Article #2 – Social Security, for the first time ever, will have no COLA for the next 2 years. Also in the same article, it references 2016 as the magical year that Social Security benefits are more than tax revenue (1 year earlier than they thought last year).
http://www.newsday.com/news/columnists/ny-bzsaul3012762555may28,0,7368854.column

Take a look and the goal is you can always use my materials to help clients make better decisions.

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