Means Test for Social Security
In reference to Lamm’s proposal for a means test for Social Security, I hope that he is providing for a cost-of-living adjustment and inflation in his statement that most recipients use up their own contribution plus interest in the first 25 to 35 months of retirement.
My father was making $100 a month in the early/mid ‘30s; my husband started his career out of college in 1949 at $250 a month. Money deducted from paychecks of that size, no matter how small, was sorely missed. Deductions have grown but so have paychecks. The ratio of money paid in and money drawn out by Social Security recipients should ALWAYS include adjustments for cost-of-living and inflation. It is all relative, after all.
NANCY PLESSMAN
Laguna Niguel
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
