Inflation has generally run about 5% a year during the Obama administration.
I fully expect to be cash poor in my old age. What little cash I will get from my bank account will buy much less than even now.
I expect Obama or his successor to “fix” Social Security - Obamaspeak for benefit cuts, probably of about 10% to 15%.
Weakness in the dollar probably will show up as shortages of imported goods.
As in Argentina, farmers will be expected to set aside most of their production for domestic consumption instead of selling it for foreign money.
What are you planing to do about it then?
funny....everytime over the last 35 yrs when people "fixed" SS it was to make the workers pay in more and for them to work even longer....
benefit cuts?....I'm sure it'll happen the moment I opt for my first payment which could happen if I wanted it to this very month...but I'm waiting a bit longer...