Here’s Why Social Security COLAs are a Family Matter

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Your COLA Can Help Your Family

One of the best things about retirement is you have a chance to spend more time with the people who matter most. Social Security COLAs support you during this time, allowing you to reward yourself and others.

It’s easy to think that a bump up in your Social Security benefit is only useful for paying your own bills, financing your own vacation, or padding your own savings. But for many seniors, their fight for Social Security Cost-of-Living-Adjustments is actually done with their families in mind.

Seniors Need to Finance Their Family Activities

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Seniors Can Focus on Family in Retirement

No matter how a retiree wants to spend their retirement time with their relatives, there’s nearly no option out there that won’t come with some type of price tag.

From lavish vacations plans to smartly selected savings accounts, there are plenty of ways seniors can make a big investment in their children, grandchildren, or other family members. This is the age where many people plan for these types of moves because they have the time to do so — and with a higher Social Security payment, they’ll have the funds as well.

Even smaller activities like going out for dinner or making DIY crafts together comes with a price tag. Every bit helps, so your Social Security COLA is just as important for your family’s happiness as it is for yours. Remember also that in the right circumstances, your benefits could be passed on if you pass away.

Fighting for Social Security COLA is a Matter of Legacy

Beyond just the monetary moves like investing in your family or treating them, you have another important job as a retiree. If you have loved ones who are younger than you, the way you carry yourself sets an example and creates a legacy that will live on.

Fighting for fair Social Security COLAs shows you value being treated fairly, and teaches your loved ones that it’s always important to fight for what’s right. To help us ensure seniors’ needs are heard by legislators, sign our petition here then follow us on Facebook and Twitter.