A 6% cost-of-living adjustment could be in store for Social Security recipients. This high COLA comes as a result of inflation, which is reflected in the index used to calculate these increases. However, the index might be causing retirees to receive a smaller benefits boost than they deserve.

According to MarketWatch, the price index that determines COLAs likely underestimates the way that inflation affects retirees. Seniors spend far more on healthcare than the rest of the population, and the cost of healthcare has risen quickly. And if COLAs do not reflect the true needs of seniors, our retirees will not receive all the benefits they’ve earned.

A high COLA in 2022 will be helpful, but changing the index is not the only fix that Social Security needs. Seniors need a guaranteed COLA every year. NORA is demanding that Congress passes The COLA Act of 2021, legislation that would guarantee a fair COLA every year. We’re also asking that seniors be repaid for years of missed COLAs. If you’re ready to see change happen, sign our petition today! And follow NORA on Twitter and Facebook for more news.