Every dollar makes a difference, and (the retirees) say, 'It's not the way I shop, my rent goes up a lot more, my doctor bills go up.' They're not buying big market baskets full of groceries and new clothing.
More Quotes from Evelyn Morton:
There's also a political calculation in the promise Older Americans - who happen to be the age group most likely to vote - presumably are less likely to protest benefit cuts if the changes didn't apply to them. They're the people who are most aware of the issues, ... (For) people who are younger ... 'tomorrow' means next week.Evelyn Morton
It's the only inflation-adjusted income source most older Americans have,
Evelyn Morton
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