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Seen & Heard, Laurence Ball

“What people really care about is their real wages, pensions and interest rates. Indexation is just kind of a no-brainer way to solve that problem, and that’s what they’ve done with Social Security.” 

Laurence Ball, Professor, Department of Economics, on the recent adjustment to Social Security payments based on changes in the Consumer Price Index.

The New York Times, October 14, 2022