Social Security Change Over Time
Now that I'm looking closer, I notice that the Social Security dollar amount declines over time. It appears to be doing it at compounded rate of -3.03%. Inflation is set at 3.1% in my ESP. I'm assuming this is because ESP expresses future amounts in real dollars. Is the assumed inflation offset due to "annual" Social Security increases only valued at 0.08%? Is this a recent change or is something amiss?