Although I don't think anyone expects a Social Security check alone to be enough to support their retirement, the income is certainly a welcome addition to those who have completely or partially stopped working. Most years, there's a cost of living increase to help reduce the sting of inflation and benefits have increased every year but two since 1975.
Medicare - Social Security
It’s been a few years since I last discussed Medicare, the government program that helps insure health care costs for those of us who are 65 or older. Since it recently turned 50, I thought I’d offer an update. It was conceived as a way to provide health insurance coverage for retirees and it continues to fulfill that role.
The Second World War ended In 1945 and members of the Baby Boom generation began arriving in significant numbers soon thereafter. Boomers changed the country’s economy in many ways including providing new markets for baby books (remember Dr. Spock?) and denim fabric. Colleges were enlarged, even established, to accommodate them.