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. Their useful visual shows how these adjustments have fluctuated over the years, leading us to the 2.5 percent boost set to go in motion next year.
What do you think of the numbers overall? Share your opinion with us! And remember, it’s never too late to start campaigning for the next COLA to be higher. Sign our petition to support this cause.
