2.5 inflation rate will hurt seniors January 2025

low inflation 2.5 will hurt seniors in January let's talk about it we all know that the Federal Reserve is trying to lower the inflation right you know the inflation was at a high of I believe like 9% two years ago so he work day and night trying to get that number down to 2% % it's currently at 2.5% now we all celebrate yippe we get he got the inflation rate down right but that spells bad news for seniors and I'm gon to talk about this when inflation was at 9% seniors was getting like an increase of almost $100 or more uh for their increase because the uh inflation rate is tied to senior citizens uh increase in their monthly check right so lowering the inflation rate is good because it helps with you know people trying to buy houses trying to buy cars and stuff it lowers the interest rate however for seniors it's time to their um monthly income so let's say for instance if a senior makes $1,600 a month from Social Security at 2.5% that means that that person is going to get in January an increase of $40 now let's say if the senior gets $1,700 a month that means that 2 . 5% inflation rate that senior is going to get $42.50 now let's say if it was $1,900 at 2.5% inflation rate that senior is going to get uh $47.50 now if it's $2,000 income at 2.5% that's $50 if it's at $2,200 a month then that would be $55 in January for increase and if it's $2400 at 2.5% inflation is going to be $60 now that's not a whole lot of money to work with and then you also have to take under consideration that Medicare generally goes up every every year so if Medicare goes up $50 if you in A600 income that means you'll be at a deficit of about $10 so even if it's at $2400 and you get $60 that means that you only got $10 left over to go for all your other increases like your rent increase your mortgage uh taxes on your uh property property insurance uh car insurance food increase water increase uh uh medicine uh your daily need home repairs you know you don't have the money you're going to be cash strapped because you know uh yes it's good that um the Federal Reserve is lowering the interest rate uh but it's going to really hurt seniors because again uh our income is tied to the inflation rate so if we have a really low inflation rate that means that we get like Pennies on the dollar so um is it good no I wish they tied it to something else you know uh other than the inflation rate because on your job you know you might get 5% you might get 10% if you're lucky but uh Social Security you know uh if you don't have any other means of income you know you can really be in trouble you know because again like I said in my previous interviews you know people are starting to live together and share vehicles and do all kind of things just to survive so let me know what you think about that uh again this is Kate back at it with a new video take care guys