Research from the Senior Citizens League finds what you probably already know. That is, that your Social Security COLA lags behind actual cost of living.
In 2021, America’s seniors received just a 1.3% cost-of-living-adjustment. Compare that to the rising cost of other items needed for living. For instance, beef roasts rose at 11% recently. Used cars and trucks likewise rose at 11% while health insurance rose at 7.5%.
To see more, visit the breakdown at Benefits Pro.
At NORA, we advocate for legislation that provides a permanent COLA of 3% for America’s Social Security beneficiaries. You earned it through a lifetime of service.
To learn more, please visit the Guaranteed 3% COLA Increase for Seniors Act. If you agree that seniors deserve a COLA, please sign our Benefit Reimbursement Petition Congress.
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