In 2021, the Social Security cost-of-living-adjustment was 1.3%. Many seniors may find themselves struggling to get by on the smallest increase since 2017. So what does your Social Security COLA cover?

According to a recent article on Kiplinger, not much. On average, that increase amounts to about 20 dollars. So you can fill up your gas tank with it. That is, if your car is small. For a married couple, the increase will be about 33 dollars.

We’ve mentioned before that your COLA lags behind real cost-of-living increases. For instance, roast beef rose in 2020 at 11% as did used cars. Other costs such as health insurance and apparel – the basics – are also rising.

Meanwhile, over the past 10 years, your COLA has barely increased. It increased by 1.6% in 2020, and only 0.3% in 2017. In 2016, your COLA didn’t increase at all!

Why are your adjustments so low? They are calculated by changes in the consumer price index for wage earners. Yet, America’s seniors have quite different purchasing habits than do workers. The cost of basic living – food, clothing, fuel, and healthcare – is clearly rising. Your COLA is not keeping pace!

NORA believes that seniors deserve a stable, sensible increase. One you can depend on. One you have earned!

That is why we campaign for a permanent, 3% COLA for America’s Social Security beneficiaries. This COLA must be retroactive to 2010. Only this way can you be compensated for the low or missing COLAs you have endured now for more than a decade.

Please consider helping us help seniors across America. Let Congress know that you deserve the money you have earned through a lifetime of work and service. Sign our Benefit Reimbursement Petition to Congress now! It’s easy, and it is your right!

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