Answer:
The newspaper editorial is incorrect under all circumstances.
Explanation:
Social Security payments are indexed for inflation using the CPI.
A recent newspaper editorial claimed that Social Security recipients are harmed by years of low inflation because they do not receive as large an increase in their payments as they do in years of high inflation.
This is not correct. The social security payments are given according to the rate of inflation so that the purchasing power of the recipients remain the same.
At higher inflation rate reduces the purchasing power while at a lower inflation rate, the purchasing power is not that much affected. Social Security payments indexed for inflation keeps the purchasing power constant and recipients are not harmed.