Since 1975, Social Security benefits have increased via cost-of-living adjustments, or COLAs. These COLAs address several potential problems. They ensure that benefits keep pace with inflation. Additionally, they help seniors cover their living expenses without worry.

According to the Social Security Administration, COLAs are calculated using the Consumer Price Index for Urban Wage Earners and Clerical Workers. These adjustments vary from year to year. The latest COLA was just 1.3%. This is an increase of about $20 a month for most seniors.

The way that COLAs have been calculated in the past has not always been fair to seniors. That’s because the Urban Wage Earners and Clerical Workers index will not always reflect the financial realities of seniors.

NORA is fighting to increase Social Security benefits, and we invite you to join us!

The best and easiest way to make your voice heard? Sign our petition! As we work for America’s seniors, the more names on our petition, the better. We’re asking Congress for a guaranteed 3% COLA for Social Security recipients. In addition, we believe that Congress should make this COLA retroactive to 2010. This will allow seniors to receive all of the benefits they deserve.

Keep up with our updates and the latest news on this legislation and other issues facing American seniors. Follow NORA on Twitter and Facebook today!