The cost of living increase for those receiving social security in the US will be 3.2% in 2024, down from a whopping 8.7% in 2023.

I hear people talk about how great it is that payment amounts are higher to keep up with inflation.

What I almost never hear is talk about how this extra money comes from more money printing, which debases the currency further, which increases inflation more, which erodes our purchasing power further, on and on and on.