Bracket Creep: How the US Is Widening the Tax Base Through Inflation

April 25, 2022 – Chris Hennessey at Babson College and also a member of the Putnam Business Advisory Group explains how high inflation rates are leading to a situation that many people began facing in the 1970s called 'bracket creep'. In this wide-ranging discussion, Chris and Financial Sense Newshour host Jim Puplava explain what this is and how it especially impacts people when it comes to their sources of income during retirement. Chris and Jim also look at the increasing cost of interest expense on national debt, recent changes with Secure Act 2.0, and much more.

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