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Retirement Income and Biden’s Inflation Tax

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Dec. 21, 2021 11:59 am ET

Voters at the midterm elections in 2018.

Photo: andrew caballero-reynolds/Agence France-Presse/Getty Images

Regarding Gerard Baker’s “Biden Seems Set on Making ‘Transitory’ Inflation Last” (Free Expression, Dec. 14): While I can empathize with citizens who hope their wage gains will at least keep pace with inflation, as my wife and I did from the mid-1960s through the 1980s, we now find ourselves among those whose standard of living will fall under this “transitory” inflation.

Those of us who have retirement income that isn’t cost-of-living protected, or small nest-egg accounts for emergencies, are seeing those funds diminish suddenly with 6.8% inflation. We may be invisible to President Biden at the moment, but he will see us at the polls next year.

Jim Barber

Mesa, Ariz.

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