Here at the Council for Retirement Security, we’re in favor of high Social Security Cost-of-Living Adjustments (COLAs). These well-deserved updates to benefit amounts help seniors get back the money they’ve paid in, adjusted for inflation.
This makes some people wonder — have seniors been paid back fairly throughout the decades? The short answer is no. Why this is the case is a multi-faceted question. But to get a big picture of the situation, check out this chart from The Motley Fool.
It lays out the Social Security COLA by year all the way back to 1975. What do you think of the numbers overall? What might next year’s be? Share your thoughts.
