--- title: "Meaning & Key Takeaway of: The greatest danger to an adequate…" description: "\"The greatest danger to an adequate old-age security plan is rising prices. A rise of 2% a year in prices would cut the purchasing power of pensions abo..." image: "https://sms4smile.com/quotes/i/99d/sumner-slichter-84821_adequate_the-greatest-danger-to-an-adequate-old-a_3056363.jpg" --- # The greatest danger to an adequate old-age security plan… ![“The greatest danger to an adequate old-age security plan is rising prices. A rise of 2% a year in prices would cut the purchasing power of pensions about 45% in 30 years. The greatest danger of rising prices is from wages rising faster than output per man-hour… Whether the nation succeeds in…” quote by Sumner Slichter](https://sms4smile.com/quotes/i/99d/sumner-slichter-84821_adequate_the-greatest-danger-to-an-adequate-old-a_3056363.jpg) [Download](https://sms4smile.com/quotes/i/99d/sumner-slichter-84821_adequate_the-greatest-danger-to-an-adequate-old-a_3056363.jpg) [Open image](https://sms4smile.com/quotes/i/99d/sumner-slichter-84821_adequate_the-greatest-danger-to-an-adequate-old-a_3056363.jpg) > “The greatest danger to an adequate old-age security plan is rising prices. A rise of 2% a year in prices would cut the purchasing power of pensions about 45% in 30 years. The greatest danger of rising prices is from wages rising faster than output per man-hour… Whether the nation succeeds in providing adequate security for retired workers depends in large measure upon the wage policies of trade unions.” Sumner Slichter ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Inflation erodes pension value; wage policies critically affect retirees’ security. **In simple terms:** Inflation hurts pensions; wages matter. Key Takeaway Control inflation and align wages with productivity. Themes economics retirement inflation wage policy Mood analytical cautious Type economic policy When to use this quote - pension planning - policy making - financial advising - union negotiations Key Concepts macroeconomics social security labor unions Questions to Reflect On - How can policy balance wages and inflation? - What safeguards protect retirees now? A Different Perspective Wage hikes can outpace productivity, worsening inflation. ★ ★ ★ ★ ★ No ratings yet [Age](https://sms4smile.com/quotes/about/age/) [Aging](https://sms4smile.com/quotes/about/aging/) [Cybersecurity](https://sms4smile.com/quotes/about/cybersecurity/) [Danger](https://sms4smile.com/quotes/about/danger/) [Men](https://sms4smile.com/quotes/about/men/) [Nations](https://sms4smile.com/quotes/about/nations/) [Old age](https://sms4smile.com/quotes/about/old-age/) [Purchasing power](https://sms4smile.com/quotes/about/purchasing-power/) [Rising prices](https://sms4smile.com/quotes/about/rising-prices/) [Security](https://sms4smile.com/quotes/about/security/) [Trade](https://sms4smile.com/quotes/about/trade/) [Trade union](https://sms4smile.com/quotes/about/trade-union/) [Trade unions](https://sms4smile.com/quotes/about/trade-unions/) [Unions](https://sms4smile.com/quotes/about/unions/) [Wages](https://sms4smile.com/quotes/about/wages/) [Workers](https://sms4smile.com/quotes/about/workers/) ## Related quotes > [Rising prices or wages do not cause inflation; they only report it. 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