Quote:
Originally Posted by ITD
Not all "fixed income" is a government program. There are pension schemes that are fixed income, people rely on things like annuities too. Even Social security, with it's increases should still be considered a fixed income. Adjusting for inflation does not increase the spending power. In fact, many would argue that inflation indices used to quantify inflation aren't even close to reality.
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But when you are using it to imply that the working population isn't hurting like those with inflation-adjusted retirement incomes, it is going to fall on very deaf ears.
Especially since the working population is seeing their incomes increase at a slower rate than the ''fixed'' incomes. I see it every day. We have a lot more working poor *yes - I know that is considered not PC currently* than we wish to admit to.