March 23, 2023
Although Social Security Cost-of-Living Adjustments (COLAs) are at recent highs, they don't reflect inflation's impact on seniors.
Although Social Security Cost-of-Living Adjustments (COLAs) are at recent highs, they don't reflect inflation's impact on seniors.
With inflation in the 8 percent range, Social Security COLAs--its the Cost-of-Living-Adjustments--will head toward all time highs.
With Social Security COLAs (Cost-of-Living-Adjustments) soaring, we wind up with a wage mismatch that accelerates funding problems.
Based on the Consumer Price Index, cost-of-living changes in a senior's Social Security check could be more accurately calculated.