Also tax on fixed income and min wage earners
As they can’t keep up with increasing costs of food
& other loving expenses
It doesn’t affect minimum wage earners anymore than any other group, except insofar as they’re more likely to keep their earnings in cash than those with bigger earnings.
After over 4 years, I finally got a "COLA" increase in my SS payment, which amounted to a shriveled pittance of less than a hundred dollars. At the same time, my "premium" for medicare went up over ten dollars, and the amount withheld for my taxes also increased. After doing all the figuring and juggling, my total deposit increased by about $9. This, in spite of the fact that prices on everything I must purchase have increased by 30% or so in the last couple of years. It's a good thing I don't drive or own a car. I shudder to think of what my situation would be like in that case.