Senior citizens are not living on fixed incomes, article argues

3 articles · Updated · slowboring.com · May 5

It says about a quarter of seniors rely mainly on Social Security, which has had automatic annual inflation adjustments since 1975.
The piece argues low-income retirees are therefore shielded from inflation, while wealthier retirees are typically protected by stock ownership rather than trapped in nominal bond income.
It contrasts today with the pre-1975 era, when benefits were adjusted ad hoc, and says younger workers now face greater inflation pressure because wage gains usually require bargaining or job changes.

Is seniors' financial security an illusion when Medicare costs keep outpacing their inflation-adjusted income?

With a 23% Social Security cut looming in 2033, how will Washington prevent a retirement crisis?

What policies can help younger generations escape 'financial nihilism' and build wealth like their parents did?