Retirees are taking the shaft economically. On fixed incomes, with the raises and price increases around us, we are the losing same percentage other USA demographics are gaining. ...and it is ”crickets” from politicians and the news media. The USA is rocketing forward economically, but those in the launchpad just get burned and left behind.
That’s how it was in the 1970’s, too.
My dad had an annuity, an Army pension, and disability.
An amount that was quite decent in 1968 was a pittance in 1978.
I’m fortunate to have two defined benefit plans, but neither of them has much in the way of COLA, so I’ll be golden at 64, but I’m quite well aware that a mortgage payment in 2023 might be a skimpy bag of groceries in 2030