We all know about the recent increase of inflation to 5.4%, a lot more than 2020 when it was 2.5%.

So we have to have an inflation strategy, not only to beat inflation, but to get ahead of it!

In January of 2022, senior citizens will get a cost of living increase by approximately what the rate of inflation will be at that time. That’s the law — it’s approximately 5.5% to 6.2% — thank goodness for that.

Get more from the Citrus County Chronicle

To get ahead, senior citizens — and those not on Social Security especially — need to look out to get ahead.

Look at all of your options. Did you know that if you have reached full retirement age you can earn an unlimited amount of money without your Social Security being diminished? That’s good! So if you make investments you know that your Social Security is secure.

Don’t be ashamed to use coupons for groceries. There is a story of billionaires Bill Gates and Warren Buffett at a Hong Kong McDonald’s and Gates said that Buffett offered to pay, then he whipped out coupons.

Don’t waste gas: Keep a planning notebook for everywhere you need to go in one trip.

With COVID out there, we don’t need to be wandering around every day exposing ourselves and wasting money and time.

Find new ways to make money. For instance, on the front page of a recent Parade magazine there was a photo of a 9-year-old boy who made $29.5 million as a YouTube toy reviewer — hard to believe!

Well, let’s just beat that inflation, young and old, by keeping an open mind. Besides, it’s not the end of the world — not just yet — if we keep trying, that is!

Renee Christopher-McPheeters


(1) comment


With the current administration in office.. and the massive invasion of the United States by illegal immigrants this nation will go bankrupt. Don't count on that Social Security check...one day you will get a notice that Social Security is broke..IF you don't think that will happen you are living in fantasy land..

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

Thank you for reading!

Please log in, or sign up for a new account and purchase a subscription to read or post comments.