Question

Based on information in the Washington Post article "The retirement costs that are rising faster than Social Security benefits", identify which costs have increased faster than Social Security benefits since the year 2000. Clothing Rent ___________Electricity ___________Restaurant meals ___________ Heating oil ___________Home security systems ___________

Answer 1

Answer:

According to the Washington post article, prices of healthcare cost, utilities and housing has increased faster than social security benefits.

According to it, social security grew 43% between 2005 and 2015. But, monthly housing cost rose by 44% while renting cost increased 56%. Further, price of heating oil increased 159% and price of electricity by 63%. Lastly, cost of landline phone service increased by 52%.

So the answer is electricity, heating oil, and rent.