In this edition, Elaine discusses how benefits will most likely not keep up with inflation. Because Social Security only provides for a portion of your clients' retirement income, you can advise them on how relying on their own resources
later on could be more beneficial for them since inflation is increasingly cutting into Social Security's buying power.
She examines a recent study by the Senior Citizens League on how the biggest loss in buying power happened just within the last year, and how housing and medical
expenses were among the most rapidly rising spending categories.