Inflation is one of the worst enemies of the elderly.
The past eight years, which have seen low inflation rates and a strong economy, have been particularly good for the elderly. The 3.5 percent increase will begin with benefits that Social Security beneficiaries receive in January 2001. Increased payments to SSI recipients will begin on December 29. For the elderly, it guarantees that their foundation of retirement income will remain strong for as long as they live. This year's increase in the CPI-W was 3.5 percent.