Indiana and all U.S. retirees can expect a cost of living allowance increase of only 1.7 percent in 2013. With the average Social Security recipient cashing a check of approximately $1,237, this means the median Indianapolis Social Security increase will be between $12 and $24. This number would mark the smallest increase since 1975.
The small increase is tied to a government measure of inflation adopted by Congress in the 1970s. It shows that consumer prices have gone up by less than 2 percent in the past year.
If you’re an Indianapolis senior or retiree or an Indiana family member helping to care for an elderly loved one, the financial recession may have presented you with an economic problem. To investigate the possibilities associated with utilizing your real estate holdings to leverage a move for a senior into a smaller, more manageable home, please feel free to contact me HERE or call 317-246-9966.