Our government says the CPI (inflation) is running around 2%. Does anybody believe this? They changed the way the CPI is calculated in 1980 to make it artifically lower. This is done to justify low interest rates paid on our massive debt and low COLA payments. Using the pre 1980 method of calculating inflation, it is closer to 9% today and trending up. Another example of how we are all being lied to by our own Federal Government.
And the problem is worse when benefits are included. This doesn't include the affect of a "cola" (cost of living adjustment) on most government pensions. In today's low interest rate environment a "cola" is worth a fortune!
Are you working to start a community action project or program with your friends? Do you need money to put your ideas into action? If you answered, "YES!", you are eligible to apply for a Do Something Seed Grant. We give out a $500 Do Something Seed Grant every week to help young people just like YOU!