Letter: Small increases to Social Security
This photo shows the Social Security Administration's main campus in Woodlawn, Md. Credit: AP
I agree 100 percent with the recent letter "Fed's policies hurt savers" [Nov. 14]. I would like to add something to that concept.
Cost-of-living increases for Social Security, calculated by a formula that in my opinion does not recognize reality, further adds to the problems faced by savers who are seniors and retired. In addition to reducing real disposable income for seniors, after adjusting for inflation, it has a detrimental effect on the economy. By the way, this also affects federal retirees.
Clifford J. Watins, Commack
