The COLA increase coming in January to Social Security recipients will help, but some segments of senior spending are rising at alarming double-digit rates. The Wall Street Journal recently ran a story on price-hikes at nursing homes, assisted living and other senior living facilities. It featured an interview with Dan Gallo, who received a letter saying that the cost of his grandmother’s care would go up 10.2% effective on September 15 to be followed by another 9.7% increase in 2023. “How many seniors can afford an immediate $750 a month additional to their monthly fixed budget?” he asked rhetorically. Blaming inflation, the nursing home said it would start adding a $25 daily fee to cover inflation
