As we’ve discussed here before, the idea of “not touching Social Security” isn’t what it seems.
It’s positioned as a commitment not to cut benefits. But it is actually the opposite. Inaction is not a solution, as it leaves the program to struggle in its failing state on the road to insolvency.
We mention this because for 2024, the COLA was less than half of its predecessor. While some point to the extreme economic circumstances of past years as the reason for this, we maintain that benefits are not rising enough because they’re not being made a priority.
We work to ensure benefits are increased with inflation. Seniors deserve financial stability — and they deserve an honest program. The misleading sentiment that Social Security was protected by not being touched creates another layer of confusion.
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