Do you support Social Security COLAs?

While the topic of Cost-of-Living Adjustments for benefits is popular, not all of us realize just how crucial these increases are.

Likewise, we may become interested in the idea when it arises in conversation — but do we work to make yearly adjustments a reality? Today we’ll discuss a few of the reasons why seniors (and even younger people) should care about Social Security COLAs.

Why Every Senior Should Support Benefit Adjustments

This year, about 70 million Americans enjoyed an 8.7 percent increase in their Social Security payments. This massive achievement was well deserved and absolutely needed. Regular adjustments are crucial for health and happiness in retirement.

Let’s start with the topic of health. Seniors are known to have more medical expenses than other age groups. Higher benefits help them offset these costs. In addition, they can fund a healthier lifestyle through better habits. This makes it easier to enjoy a longer and more fulfilling retirement.

Don’t forget that retirement is a time to splurge. Higher payments empower you to pursue your bucket list goals. Some seniors may want to travel, while others may prefer to shop or try out new restaurants. Either way, higher payments enable you to enjoy the life you’ve earned after so much hard work.

Finally, even for wealthy people, benefit adjustments are crucial no matter their impact on your finances. Why? Because they’ve been fairly earned. They’re a matter of fairness, making them as morally justifiable as they are economically sensible. So why shouldn’t we fight for the adjustments we all deserve?

Will You Help Us Fight for Yearly Social Security COLAs?

Regular benefit adjustments don’t just happen. We have to make our voices heard about this important issue. And with some projections saying this coming year’s COLA could be lower, we have to fight to prevent this.

Sign our petition for yearly COLAs, then follow us on Facebook and Twitter.