Yes, Social Security is indexed to inflation. You can also buy a certain amount of I-Bonds that are tied to inflation and are paying very nicely nowadays. Tax free too.
Up to $10k/year, and they're currently paying 9.62%. There's no other way to get a guaranteed return anywhere near that, and everyone should buy as much as they can afford to. You're basically saying no to free money if you don't.
> Tax free too.
I bonds are not tax free.
They can be tax-deferred, and some (educational) uses of interest gained can be tax excluded, for some people.
Re:Federal Reserve raises rates by 0.75%
by dont__panic on Wednesday June 15, 2022 @03:30PM
(#31758171)
There is a cap of how many you can purchase in a given tax year, though. 8k or something IIRC.
Are US pensions not tied to the CPI or some other inflation measure? (In Germany, pensions are, in principle, tied to the development of wages, which are generally assumed to outpace inflation.)