Old-Age Annuities in Time of Inflation

Archive Report

Plight of Fixed-Income People in Inflation

The Rise since mid-1956 in prices of many consumer goods has again directed public attention to the plight in time of inflation of older persons dependent upon annuities, pensions, social security benefits, and other types of fixed or inflexible income.1

The importance of maintaining the purchasing power of the rapidly increasing number of fixed income receivers has led to a search for some kind of old-age insurance that will keep the money incomes of retired persons in step with changes in the cost of living. The most interesting development in this field has been the emergence of variable-yield insurance plans under which policy holders' premiums are invested in common stocks and retirement annuities move up or down in accordance with ...

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