This blog has carried a couple of posts recently on some unusual activities in which the elderly are engaging around the world, but this one may take the cake. In fact, it’s not so much something that is a trend, with lots of the elderly engaging in it, but I do have to give this one particular full props. Nonagenarian Edith Traina took up the sport of power lifting at the age of 91. It will be truly exciting if she hits her goal: lifting 90kg for her 100th birthday! Tell the truth, don’t you fell just a little lazy now?
Following up on yesterday’s post about the lack of a Social Security COLA (cost of living adjustment) in 2016, today the Huffington Post brings us a slightly more in-depth analysis. The article brings in the stances of a number of political figures (Clinton, Sanders, and Senate Majority Leader Mitch McConnell), and goes on from there to look at CPI-E, an alternative index for calculating the COLA which, while still experimental, is at least endorsed by the AARP.
Reuters reported earlier today that the Social Security Administration has announced no Cost of Living Adjustment in 2016. It’s not an arbitrary decision — COLAs are regulated, and only occur if prices increase. And, as it happens, inflation has been close enough to flat that no adjustment can be made. Whether that matters to you, specifically, will depend quite a bit on your lifestyle. A large part of the reason for flat inflation is the falling price of gasoline. If you drive a lot, you might feel like you’re doing better anyhow, but if you don’t, the lack of a COLA may feel like a pay cut.