House lawmakers to propose emergency 3% Social Security COLA boost October 16, 2020 House Representatives Peter DeFazio (D-OR) and John Larson (D-CT) are expected to introduce new legislation today in response to the low COLA set by… Continue Reading
Social Security Administration officially announces 2021 COLA October 14, 2020 Last week, we examined a prediction by The Senior Citizen’s League (TSCL) on next year’s Cost-of-Living Adjustment (COLA). As we mentioned last week, TSCL’s… Continue Reading
2021 COLA: good news and bad news for Social Security beneficiaries October 6, 2020 Reeling from Coronavirus’ debut on our shores, early predictions about next year’s Social Security Cost of Living Adjustment (COLA) raise looked abysmal. To add… Continue Reading
CBO reports the Social Security will exhaust funds by 2031 September 8, 2020 The Congressional Budget Office has released its September 2020 outlook report for major federal trust funds, factoring unemployment data since the beginning of the… Continue Reading