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Seniors say Social Security raise doesn’t keep pace with inflation


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Over half of seniors say Social Security raise doesn’t keep pace with inflation

A new survey found over half of seniors don’t believe the recent 8.7% Social Security cost of living adjustment keeps up with rising prices.

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As a prominent commentator and Editor in Chief at, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.
Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.
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1 Comment

  1. As the stats for December 2022 were being presented, one very important stat was glossed over and that is that the total HECM Case Number Assignments of 2,690 for the month of December 2022 is the worst such total since January 2003 — 20 years ago.

    Further the case number assignment total for Traditional HECMs of 2,282 is not just the worst such total in the last three years, there has NEVER been a lower such total since HUD first began providing this breakdown for case number assignments starting for January 2012, over a decade ago.

    To leave HECM originators in the dark on exactly how bad this fiscal year actually is turning out to be, is like the fear parents have in telling their children that there is no Santa. HECM originators are NOT children desiring fairy tales, neither are we those looking for pessimistic outlooks. What we would like is the unvarnished truth especially when HUD provides us with HECM statistics going back decades.

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