Is Social Security due for a change?
Even beyond the increased COLA for 2022, many believe the program itself needs some adjustments.
One bill could provide these changes, including an updated formula for calculating the cost of living. The proposed legislation comes at a time when our economy is going through some struggles that many have never seen or anticipated.
Among other changes, the bill will protect low-income earners and provide special considerations for areas where senior spending is typically higher, like in healthcare.
With potential adjustments like these, along with the guarantee of a fair yearly COLA, seniors could enjoy the full value of their benefits no matter the economic circumstances surrounding them.
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