Rappaport Retirement Index 2021

Rappaport Retirement Index 2021

Rappaport Retirement Index

October 2021 Release: Rappaport Retirement Index RRI
Consumers 62 years and older experienced benign inflation increases on both the month over month and year over year figures.
For 2013 the RRI YOY rose 1.62%
For 2014 the RRI YOY dropped 1.32 %
For 2015 the RRI YOY dropped 1%  
For 2016 the RRI YOY rose 2.33% 
For 2017 the RRI YOY rose 2.19% 
For 2018 the RRI YOY rose 2.05%
For 2019 the RRI YOY rose 2.39%
For 2020 the RRI YOY rose 1.48%
For October 2021 RRI YOY rose 5.55%

“Inflation for the Elderly skyrockets in October. For the first time since the RRI has begun, all categories saw inflation rise and for those on fixed incomes like seniors, the pressure is enormous. Food prices up 5.28%, Housing up 4.57%, Apparel, Transportation, all seeing larges increases. Now even Medical Care costs rising 50% over last month. Although still below the overall rate of inflation we can clearly see the affects rising input costs are having.  Those collecting Social Security will see their benefits rise 5.9% in 2022 so relief is on the way as long as inflationary pressure moderate.”

The Rappaport Retirement Index chooses not to break out food and energy to provide a core rate. The purpose of the RRI is to provide planning and inflation and inflation data for the real world and last I checked, senior eat and drive around so although the core rate may be good for planning as it relates to the Federal Reserve and interest rates, it does little to help financial planner help their clients plan for this extended phase of their client's financial life. “said H Craig Rappaport, creator of the Rappaport Retirement index.  
The Rappaport Retirement Index is a new inflation index for retirees released monthly to provide better financial planning replaces the CPI-U (Urban) as the main inflation tool.
Retirement Specialist and Accredited Wealth Management Advisor H Craig Rappaport, using statistical data and guidance provided by the Bureau of Labor and Statistics, releases the Rappaport Retirement Index.
For several decades, the baby boom generation has been preparing for retirement. The Rappaport Retirement Index is the first inflation index for financial planners, retirees and soon-to-be retirees needing to know how to plan and invest to create and accurately calculate their retirement income needs.
The Department of Labor has gathered inflation data for the elderly and calculated an inflation index for this group for over 25 years but does not release the results. It is called the Consumer Price Index for the Elderly. The Rappaport Retirement Index uses the data to calculate a forward looking and useful index for real people doing real planning and having to live with the consequences of their actions.
H Craig Rappaport, the author of Live Long Live Rich -Creating Your Retirement Paycheck and President of Rappaport Wealth Management, is available for interviews Specializing in retirement, Rappaport has appeared in the Wall Street Journal, Fox News, CNN Headline News, Bloomberg, The Dow Jones News Service as well as many television shows, magazines, newspapers and can be heard on the radio daily.
For questions or interviews: 1-610-293-8005 or at Craig@rappaportwealth.com
 

 

Rappaport Retirement Index 2021

Rappaport Retirement Index

September 2021 Release: Rappaport Retirement Index RRI
Consumers 62 years and older experienced benign inflation increases on both the month over month and year over year figures.
For 2013 the RRI YOY rose 1.62%
For 2014 the RRI YOY dropped 1.32 %
For 2015 the RRI YOY dropped 1%  
For 2016 the RRI YOY rose 2.33% 
For 2017 the RRI YOY rose 2.19% 
For 2018 the RRI YOY rose 2.05%
For 2019 the RRI YOY rose 2.39%
For 2020 the RRI YOY rose 1.48%
For September 2021 RRI YOY rose 4.51%

“Inflationary pressures remain elevated in September coming in at 4.51% versus 4.57% in August.  The blockbuster results however are not as hot as overall inflation for non-seniors due to the spending patterns of individuals in this age group. The cost of medical care rose only .86% which kept the pricing pressures for seniors in check. However, costs rose in every category. As an example, Transportation costs rose 15.20%. But seniors as less likely to be affected by this than non-seniors. Food costs rose sharply up 2.77% which was down from last month.  The data suggest seniors are less affected by the current sharp increase in inflation, however, it is bleeding through into the costs of goods and services they do consume. The data is volatile, and the predicted potential transitory nature of the costs increase leave us worried but not panicked. Trends this month in increases of food and gasoline do not bode well for the near term.   The bottom line is that costs for seniors continues to rise at an increasing pace and it is very worrisome. With the central bank committed to lower rates, these price increases will hit the most vulnerable the hardest. The Rappaport Retirement Index chooses not to break out food and energy to provide a core rate. The purpose of the RRI is to provide planning and inflation and inflation data for the real world and last I checked, senior eat and drive around so although the core rate may be good for planning as it relates to the Federal Reserve and interest rates, it does little to help financial planner help their clients plan for this extended phase of their client's financial life. “said H Craig Rappaport, creator of the Rappaport Retirement index.  
The Rappaport Retirement Index is a new inflation index for retirees released monthly to provide better financial planning replaces the CPI-U (Urban) as the main inflation tool.
Retirement Specialist and Accredited Wealth Management Advisor H Craig Rappaport, using statistical data and guidance provided by the Bureau of Labor and Statistics, releases the Rappaport Retirement Index.
For several decades, the baby boom generation has been preparing for retirement. The Rappaport Retirement Index is the first inflation index for financial planners, retirees and soon-to-be retirees needing to know how to plan and invest to create and accurately calculate their retirement income needs.
The Department of Labor has gathered inflation data for the elderly and calculated an inflation index for this group for over 25 years but does not release the results. It is called the Consumer Price Index for the Elderly. The Rappaport Retirement Index uses the data to calculate a forward looking and useful index for real people doing real planning and having to live with the consequences of their actions.
H Craig Rappaport, the author of Live Long Live Rich -Creating Your Retirement Paycheck and President of Rappaport Wealth Management, is available for interviews Specializing in retirement, Rappaport has appeared in the Wall Street Journal, Fox News, CNN Headline News, Bloomberg, The Dow Jones News Service as well as many television shows, magazines, newspapers and can be heard on the radio daily.
For questions or interviews: 1-610-293-8005 or at Craig@rappaportwealth.com
 

 

Rappaport Retirement Index 2021

Rappaport Retirement Index

August 2021 Release: Rappaport Retirement Index RRI
Consumers 62 years and older experienced benign inflation increases on both the month over month and year over year figures.
For 2013 the RRI YOY rose 1.62%
For 2014 the RRI YOY dropped 1.32 %
For 2015 the RRI YOY dropped 1%  
For 2016 the RRI YOY rose 2.33% 
For 2017 the RRI YOY rose 2.19% 
For 2018 the RRI YOY rose 2.05%
For 2019 the RRI YOY rose 2.39%
For 2020 the RRI YOY rose 1.48%
For August 2021 RRI YOY rose 4.57%

“Inflationary pressures remain elevated in August coming in at 4.57% versus 4.58% in July.  The blockbuster results however are not as hot as overall inflation for non-seniors due to the spending patterns of individuals in this age group. The cost of medical care rose only .78% which kept the pricing pressures for seniors in check. However, costs rose in every category. As an example, Transportation costs rose 16.06%. But seniors as less likely to be affected by this than non-seniors. Food costs rose sharply up 3.75% so although the data suggest seniors are less affected by the current sharp increase in inflation, it is bleeding through into the costs of goods and services they do consume. The data is volatile, and the predicted potential transitory nature of the costs increase leave us worried but not panicked. The bottom line is that costs for seniors continues to rise at an increasing pace and it is very worrisome. With the central bank committed to lower rates, these price increases will hit the most vulnerable the hardest. The Rappaport Retirement Index chooses not to break out food and energy to provide a core rate. The purpose of the RRI is to provide planning and inflation and inflation data for the real world and last I checked, senior eat and drive around so although the core rate may be good for planning as it relates to the Federal Reserve and interest rates, it does little to help financial planner help their clients plan for this extended phase of their client's financial life. “said H Craig Rappaport, creator of the Rappaport Retirement index.  
The Rappaport Retirement Index is a new inflation index for retirees released monthly to provide better financial planning replaces the CPI-U (Urban) as the main inflation tool.
Retirement Specialist and Accredited Wealth Management Advisor H Craig Rappaport, using statistical data and guidance provided by the Bureau of Labor and Statistics, releases the Rappaport Retirement Index.
For several decades, the baby boom generation has been preparing for retirement. The Rappaport Retirement Index is the first inflation index for financial planners, retirees and soon-to-be retirees needing to know how to plan and invest to create and accurately calculate their retirement income needs.
The Department of Labor has gathered inflation data for the elderly and calculated an inflation index for this group for over 25 years but does not release the results. It is called the Consumer Price Index for the Elderly. The Rappaport Retirement Index uses the data to calculate a forward looking and useful index for real people doing real planning and having to live with the consequences of their actions.
H Craig Rappaport, the author of Live Long Live Rich -Creating Your Retirement Paycheck and President of Rappaport Wealth Management, is available for interviews Specializing in retirement, Rappaport has appeared in the Wall Street Journal, Fox News, CNN Headline News, Bloomberg, The Dow Jones News Service as well as many television shows, magazines, newspapers and can be heard on the radio daily.
For questions or interviews: 1-610-293-8005 or at Craig@rappaportwealth.com
 

 

 

Rappaport Retirement Index 2021

Rappaport Retirement Index

July 2021 Release: Rappaport Retirement Index RRI
Consumers 62 years and older experienced benign inflation increases on both the month over month and year over year figures.
For 2013 the RRI YOY rose 1.62%
For 2014 the RRI YOY dropped 1.32 %
For 2015 the RRI YOY dropped 1%  
For 2016 the RRI YOY rose 2.33% 
For 2017 the RRI YOY rose 2.19% 
For 2018 the RRI YOY rose 2.05%
For 2019 the RRI YOY rose 2.39%
For 2020 the RRI YOY rose 1.48%
For July 2021 RRI YOY rose 4.58%

“Inflationary pressures skyrocketed again in July coming in at 4.58% versus 4.56% in June.  The blockbuster results however is not as hot as overall inflation for non-seniors due to the spending patterns of individuals in this age group. The cost of medical care rose only .57% which kept the pricing pressures for seniors in check. However, costs rose in every category. As an example, Transportation costs rose 17.36%. But seniors as less likely to be affected by this than non-seniors. Food costs rose sharply up 3.34% so although the data suggest seniors are less affected by the current sharp increase in inflation, it is bleeding through into the costs of goods and services they do consume. The data is volatile, and the predicted potential transitory nature of the costs increase leave us worried but not panicked. The bottom line is that costs for seniors continues to rise at an increasing pace and it is very worrisome. With the central bank committed to lower rates, these price increases will hit the most vulnerable the hardest. The Rappaport Retirement Index chooses not to break out food and energy to provide a core rate. The purpose of the RRI is to provide planning and inflation and inflation data for the real world and last I checked, senior eat and drive around so although the core rate may be good for planning as it relates to the Federal Reserve and interest rates, it does little to help financial planner help their clients plan for this extended phase of their client's financial life. “said H Craig Rappaport, creator of the Rappaport Retirement index.  
The Rappaport Retirement Index is a new inflation index for retirees released monthly to provide better financial planning replaces the CPI-U (Urban) as the main inflation tool.
Retirement Specialist and Accredited Wealth Management Advisor H Craig Rappaport, using statistical data and guidance provided by the Bureau of Labor and Statistics, releases the Rappaport Retirement Index.
For several decades, the baby boom generation has been preparing for retirement. The Rappaport Retirement Index is the first inflation index for financial planners, retirees and soon-to-be retirees needing to know how to plan and invest to create and accurately calculate their retirement income needs.
The Department of Labor has gathered inflation data for the elderly and calculated an inflation index for this group for over 25 years but does not release the results. It is called the Consumer Price Index for the Elderly. The Rappaport Retirement Index uses the data to calculate a forward looking and useful index for real people doing real planning and having to live with the consequences of their actions.
H Craig Rappaport, the author of Live Long Live Rich -Creating Your Retirement Paycheck and President of Rappaport Wealth Management, is available for interviews Specializing in retirement, Rappaport has appeared in the Wall Street Journal, Fox News, CNN Headline News, Bloomberg, The Dow Jones News Service as well as many television shows, magazines, newspapers and can be heard on the radio daily.
For questions or interviews: 1-610-293-8005 or at Craig@rappaportwealth.com

 

Rappaport Retirement Index

June 2021 Release: Rappaport Retirement Index RRI
Consumers 62 years and older experienced benign inflation increases on both the month over month and year over year figures.
For 2013 the RRI YOY rose 1.62%
For 2014 the RRI YOY dropped 1.32 %
For 2015 the RRI YOY dropped 1%  
For 2016 the RRI YOY rose 2.33% 
For 2017 the RRI YOY rose 2.19% 
For 2018 the RRI YOY rose 2.05%
For 2019 the RRI YOY rose 2.39%
For 2020 the RRI YOY rose 1.48%
For June 2021 RRI YOY rose 4.56%

 

“Inflationary pressures skyrocketed again in June coming in at 4.56% versus 4.25% in May.  The blockbuster result however is not as hot as overall inflation for non-seniors due to the spending patterns of individuals in this age group. The cost of medical care rose only .63% which kept the pricing pressures for seniors in check. However, costs rose in every category. As an example, Transportation costs rose 19.37%. But seniors as less likely to be affected by this than non-seniors. The data is volatile and the potential transitory nature of the costs increase leave us worried but not panicked. The bottom line is that costs for seniors continues to rise at an increasing pace and it is very worrisome. With the central bank committed to lower rates, these price increases will hit the most vulnerable the hardest. The Rappaport Retirement Index chooses not to break out food and energy to provide a core rate. The purpose of the RRI is to provide planning and inflation and inflation data for the real world and last I checked, senior eat and drive around so although the core rate may be good for planning as it relates to the Federal Reserve and interest rates, it does little to help financial planner help their clients plan for this extended phase of their client's financial life. “said H Craig Rappaport, creator of the Rappaport Retirement index.  
The Rappaport Retirement Index is a new inflation index for retirees released monthly to provide better financial planning replaces the CPI-U (Urban) as the main inflation tool.
Retirement Specialist and Accredited Wealth Management Advisor H Craig Rappaport, using statistical data and guidance provided by the Bureau of Labor and Statistics, releases the Rappaport Retirement Index.
For several decades, the baby boom generation has been preparing for retirement. The Rappaport Retirement Index is the first inflation index for financial planners, retirees and soon-to-be retirees needing to know how to plan and invest to create and accurately calculate their retirement income needs.
The Department of Labor has gathered inflation data for the elderly and calculated an inflation index for this group for over 25 years but does not release the results. It is called the Consumer Price Index for the Elderly. The Rappaport Retirement Index uses the data to calculate a forward looking and useful index for real people doing real planning and having to live with the consequences of their actions.
H Craig Rappaport, the author of Live Long Live Rich -Creating Your Retirement Paycheck and President of Rappaport Wealth Management, is available for interviews Specializing in retirement, Rappaport has appeared in the Wall Street Journal, Fox News, CNN Headline News, Bloomberg, The Dow Jones News Service as well as many television shows, magazines, newspapers and can be heard on the radio daily.
For questions or interviews: 1-610-293-8005 or at Craig@rappaportwealth.com

 

Rappaport Retirement Index

May 2021 Release: Rappaport Retirement Index RRI
Consumers 62 years and older experienced benign inflation increases on both the month over month and year over year figures.
For 2013 the RRI YOY rose 1.62%
For 2014 the RRI YOY dropped 1.32 %
For 2015 the RRI YOY dropped 1%  
For 2016 the RRI YOY rose 2.33% 
For 2017 the RRI YOY rose 2.19% 
For 2018 the RRI YOY rose 2.05%
For 2019 the RRI YOY rose 2.39%
For 2020 the RRI YOY rose 1.48%
For May 2021 RRI YOY rose 4.25%

“Inflationary pressures skyrocketed again in May coming in at 4.25% versus 3.63% in April.  The blockbuster result however is not as hot as overall inflation for non-seniors due to the spending patterns of individuals in this age group. The cost of medical care rose only 1.01% which kept the pricing pressures for seniors in check. However, costs rose in every category. The bottom line is that costs for seniors continues to rise at an increasing pace and it is very worrisome. With the central bank committed to lower rates, these price increases will hit the most vulnerable the hardest. The Rappaport Retirement Index chooses not to break out food and energy to provide a core rate. The purpose of the RRI is to provide planning and inflation and inflation data for the real world and last I checked, senior eat and drive around so although the core rate may be good for planning as it relates to the Federal Reserve and interest rates, it does little to help financial planner help their clients plan for this extended phase of their client's financial life. “said H Craig Rappaport, creator of the Rappaport Retirement index.  
The Rappaport Retirement Index is a new inflation index for retirees released monthly to provide better financial planning replaces the CPI-U (Urban) as the main inflation tool.
Retirement Specialist and Accredited Wealth Management Advisor H Craig Rappaport, using statistical data and guidance provided by the Bureau of Labor and Statistics, releases the Rappaport Retirement Index.
For several decades, the baby boom generation has been preparing for retirement. The Rappaport Retirement Index is the first inflation index for financial planners, retirees and soon-to-be retirees needing to know how to plan and invest to create and accurately calculate their retirement income needs.
The Department of Labor has gathered inflation data for the elderly and calculated an inflation index for this group for over 25 years but does not release the results. It is called the Consumer Price Index for the Elderly. The Rappaport Retirement Index uses the data to calculate a forward looking and useful index for real people doing real planning and having to live with the consequences of their actions.
H Craig Rappaport, the author of Live Long Live Rich -Creating Your Retirement Paycheck and President of Rappaport Wealth Management, is available for interviews Specializing in retirement, Rappaport has appeared in the Wall Street Journal, Fox News, CNN Headline News, Bloomberg, The Dow Jones News Service as well as many television shows, magazines, newspapers and can be heard on the radio daily.
For questions or interviews: 1-610-293-8005 or at Craig@rappaportwealth.com

 

Rappaport Retirement Index


April 2021 Release: Rappaport Retirement Index RRI
Consumers 62 years and older experienced benign inflation increases on both the month over month and year over year figures.
For 2013 the RRI YOY rose 1.62%
For 2014 the RRI YOY dropped 1.32 %
For 2015 the RRI YOY dropped 1%  
For 2016 the RRI YOY rose 2.33% 
For 2017 the RRI YOY rose 2.19% 
For 2018 the RRI YOY rose 2.05%
For 2019 the RRI YOY rose 2.39%
For 2020 the RRI YOY rose 1.48%
For April 2021 RRI YOY rose 3.63%

“Inflationary pressures skyrocketed in April coming in at 3.63% versus 2.49% in March.  The blockbuster result however is not as hot as overall inflation for non-seniors due to the spending patterns of individuals in this age group. However, cost rose in every category. The bottom line is that costs for seniors continues to rise at an increasing pace and it is very worrisome. With the central bank committed to lower rates, these price increases will hit the most vulnerable the hardest. The Rappaport Retirement Index chooses not to break out food and energy to provide a core rate. The purpose of the RRI is to provide planning and inflation and inflation data for the real world and last I checked, senior eat and drive around so although the core rate may be good for planning as it relates to the Federal Reserve and interest rates, it does little to help financial planner help their clients plan for this extended phase of their client's financial life. “said H Craig Rappaport, creator of the Rappaport Retirement index.  
The Rappaport Retirement Index is a new inflation index for retirees released monthly to provide better financial planning replaces the CPI-U (Urban) as the main inflation tool.
Retirement Specialist and Accredited Wealth Management Advisor H Craig Rappaport, using statistical data and guidance provided by the Bureau of Labor and Statistics, releases the Rappaport Retirement Index.
For several decades, the baby boom generation has been preparing for retirement. The Rappaport Retirement Index is the first inflation index for financial planners, retirees and soon-to-be retirees needing to know how to plan and invest to create and accurately calculate their retirement income needs.
The Department of Labor has gathered inflation data for the elderly and calculated an inflation index for this group for over 25 years but does not release the results. It is called the Consumer Price Index for the Elderly. The Rappaport Retirement Index uses the data to calculate a forward looking and useful index for real people doing real planning and having to live with the consequences of their actions.
H Craig Rappaport, the author of Live Long Live Rich -Creating Your Retirement Paycheck and President of Rappaport Wealth Management, is available for interviews Specializing in retirement, Rappaport has appeared in the Wall Street Journal, Fox News, CNN Headline News, Bloomberg, The Dow Jones News Service as well as many television shows, magazines, newspapers and can be heard on the radio daily.
For questions or interviews: 1-610-293-8005 or at Craig@rappaportwealth.com

 

Rappaport Retirement Index

March 2021 Release: Rappaport Retirement Index RRI

Consumers 62 years and older Inflation data.
For 2013 the RRI YOY rose 1.62%
For 2014 the RRI YOY dropped 1.32 %
For 2015 the RRI YOY dropped 1%  
For 2016 the RRI YOY rose 2.33% 
For 2017 the RRI YOY rose 2.19% 
For 2018 the RRI YOY rose 2.05%
For 2019 the RRI YOY rose 2.39%
For 2020 the RRI YOY rose 1.48%
For March 2021 RRI YOY rose 2.43%%

“Inflationary pressures skyrocketed in March coming in at 2.43% versus 1.69% in February. Slight decreases in Medical Care and Communications were more than offset by increases in the price of goods in every other category. Transportation was up the most rising 5%. The bottom line is that costs for seniors continues to rise faster than for working individuals and it is very worrisome. With the central bank committed to lower rates, these price increases will hit the most vulnerable the hardest. The Rappaport Retirement Index chooses not to break out food and energy to provide a core rate. The purpose of the RRI is to provide planning and inflation and inflation data for the real world and last I checked, senior eat and drive around so although the core rate may be good for planning as it relates to the Federal Reserve and interest rates, it does little to help financial planner help their clients plan for this extended phase of their client's financial life. “said H Craig Rappaport, creator of the Rappaport Retirement index.  
The Rappaport Retirement Index is a new inflation index for retirees released monthly to provide better financial planning replaces the CPI-U (Urban) as the main inflation tool.
Retirement Specialist and Accredited Wealth Management Advisor H Craig Rappaport, using statistical data and guidance provided by the Bureau of Labor and Statistics, releases the Rappaport Retirement Index.
For several decades, the baby boom generation has been preparing for retirement. The Rappaport Retirement Index is the first inflation index for financial planners, retirees and soon-to-be retirees needing to know how to plan and invest to create and accurately calculate their retirement income needs.
The Department of Labor has gathered inflation data for the elderly and calculated an inflation index for this group for over 25 years but does not release the results. It is called the Consumer Price Index for the Elderly. The Rappaport Retirement Index uses the data to calculate a forward looking and useful index for real people doing real planning and having to live with the consequences of their actions.
H Craig Rappaport, the author of Live Long Live Rich -Creating Your Retirement Paycheck and President of Rappaport Wealth Management, is available for interviews Specializing in retirement, Rappaport has appeared in the Wall Street Journal, Fox News, CNN Headline News, Bloomberg, The Dow Jones News Service as well as many television shows, magazines, newspapers and can be heard on the radio daily.
For questions or interviews: 1-610-293-8005 or at Craig@rappaportwealth.com

 

Rappaport Retirement Index

February 2021 Release: Rappaport Retirement Index RRI


Consumers 62 years inflation data
For 2013 the RRI YOY rose 1.62%
For 2014 the RRI YOY dropped 1.32 %
For 2015 the RRI YOY dropped 1%  
For 2016 the RRI YOY rose 2.33% 
For 2017 the RRI YOY rose 2.19% 
For 2018 the RRI YOY rose 2.05%
For 2019 the RRI YOY rose 2.39%
For 2020 the RRI YOY rose 1.48%
For February 2021 RRI YOY rose 1.69%

“Inflationary pressures rose in February coming in at 1.69% versus 1.47% in January. There were inflationary pressures in all areas except Apparel. One area that has helped the overall inflation number has been the drop in gasoline prices which have reversed putting pressure to the upside for inflation. That trend has continued and most likely will for the coming months. So although overall inflation remains low, for seniors, costs are rising and as most are on a fixed income, this could pose significant issues for this most vulnerable group. The bottom line is that costs for seniors continues to rise faster than for working individuals and it is very worrisome. The Rappaport Retirement Index chooses not to break out food and energy to provide a core rate. The purpose of the RRI is to provide planning and inflation and inflation data for the real world and last I checked, senior eat and drive around so although the core rate may be good for planning as it relates to the Federal Reserve and interest rates, it does little to help financial planner help their clients plan for this extended phase of their client's financial life. “said H Craig Rappaport, creator of the Rappaport Retirement index.  
The Rappaport Retirement Index is a new inflation index for retirees released monthly to provide better financial planning replaces the CPI-U (Urban) as the main inflation tool.
Retirement Specialist and Accredited Wealth Management Advisor H Craig Rappaport, using statistical data and guidance provided by the Bureau of Labor and Statistics, releases the Rappaport Retirement Index.
For several decades, the baby boom generation has been preparing for retirement. The Rappaport Retirement Index is the first inflation index for financial planners, retirees and soon-to-be retirees needing to know how to plan and invest to create and accurately calculate their retirement income needs.
The Department of Labor has gathered inflation data for the elderly and calculated an inflation index for this group for over 25 years but does not release the results. It is called the Consumer Price Index for the Elderly. The Rappaport Retirement Index uses the data to calculate a forward looking and useful index for real people doing real planning and having to live with the consequences of their actions.
H Craig Rappaport, the author of Live Long Live Rich -Creating Your Retirement Paycheck and President of Rappaport Wealth Management, is available for interviews Specializing in retirement, Rappaport has appeared in the Wall Street Journal, Fox News, CNN Headline News, Bloomberg, The Dow Jones News Service as well as many television shows, magazines, newspapers and can be heard on the radio daily.
For questions or interviews: 1-610-293-8005 or at Craig@rappaportwealth.com

 

 

Rappaport Retirement Index

January 2021 Release: Rappaport Retirement Index RRI

Consumers 62 years and older inflation data

For 2013 the RRI YOY rose 1.62%
For 2014 the RRI YOY dropped 1.32 %
For 2015 the RRI YOY dropped 1%  
For 2016 the RRI YOY rose 2.33% 
For 2017 the RRI YOY rose 2.19% 
For 2018 the RRI YOY rose 2.05%
For 2019 the RRI YOY rose 2.39%
For 2020 the RRI YOY rose 1.48%

For January 2021 RRI YOY rose 1.47%

 

“Inflationary pressures moderated slightly in January coming in at 1.47% versus 1.48% in December.  Although the overall rate remains benign at 1.47%, the overall number is skewed as the declines were concentrated in Apparel which dropped -2.91% and Transportation which dropped -1.58%.  Those declines mask the real story for seniors. Seniors do not purchase clothing and gasoline as much as food, which rose 3.64%, housing costs, which rose 1.80%. Medical costs rose 1.53% which is good news for seniors. So although overall inflation remains low, for seniors, costs are rising and as most are on a fixed income, this could pose significant issues for this most vulnerable group. The bottom line is that costs for seniors continues to rise faster than for working individuals and it is very worrisome. The Rappaport Retirement Index chooses not to break out food and energy to provide a core rate. The purpose of the RRI is to provide planning and inflation and inflation data for the real world and last I checked, senior eat and drive around so although the core rate may be good for planning as it relates to the Federal Reserve and interest rates, it does little to help financial planner help their clients plan for this extended phase of their client's financial life. “said H Craig Rappaport, creator of the Rappaport Retirement index.  
The Rappaport Retirement Index is a new inflation index for retirees released monthly to provide better financial planning replaces the CPI-U (Urban) as the main inflation tool.
Retirement Specialist and Accredited Wealth Management Advisor H Craig Rappaport, using statistical data and guidance provided by the Bureau of Labor and Statistics, releases the Rappaport Retirement Index.
For several decades, the baby boom generation has been preparing for retirement. The Rappaport Retirement Index is the first inflation index for financial planners, retirees and soon-to-be retirees needing to know how to plan and invest to create and accurately calculate their retirement income needs.
The Department of Labor has gathered inflation data for the elderly and calculated an inflation index for this group for over 25 years but does not release the results. It is called the Consumer Price Index for the Elderly. The Rappaport Retirement Index uses the data to calculate a forward looking and useful index for real people doing real planning and having to live with the consequences of their actions.
H Craig Rappaport, the author of Live Long Live Rich -Creating Your Retirement Paycheck and President of Rappaport Wealth Management, is available for interviews Specializing in retirement, Rappaport has appeared in the Wall Street Journal, Fox News, CNN Headline News, Bloomberg, The Dow Jones News Service as well as many television shows, magazines, newspapers and can be heard on the radio daily.
For questions or interviews: 1-610-293-8005 or at Craig@rappaportwealth.com