With the calendar changing from one year to the next, it’s a time to look both back and ahead.

Looking back, it’s clear how much hard work has been done to help retirees enjoy the full value of their Social Security benefits. Those who have stuck by NORA and signed our petition for a Social Security COLA played an important part in the coming increase.

As we look ahead to 2022, the 5.9% increase will take effect in January. This marks the biggest bump up on record — so far. While it may seem odd to start thinking about 2023 while we’re still getting used to typing out 2022, it’s always good to stay ahead.

This is especially true for important topics like retirement benefits. In our changing economy, seniors need to know their benefits will be adjusted for inflation on a yearly basis.

Why a Bigger Social Security COLA May Be Possible — and Necessary

Another big Social Security COLA isn’t just a high hope that retirees are holding onto. According to some experts, there’s a high probability another big increase could follow this one.

While it’s likely, it’s not a guarantee — so that means seniors and the organizations like NORA that fight by their side must continue working hard. But it’s easier than ever to make a case for another record COLA, primarily because of the record inflation and supply chain struggles of the economy.

Another COLA even close to the amount of this one could help set a yearly precedent, which would build momentum toward the worthwhile goal of Social Security benefits pegged to rising costs. Is this a goal you could get behind?

If you’re someone who thinks a fair Social Security COLA should be a yearly guarantee, put your support behind NORA and our efforts toward this worthy cause. If you’d like to know more about what we’re doing to make this effort a reality, follow us on Twitter and Facebook.