Social Security Report

Latest News

A Bigger Problem With Social Security Than Benefit Cuts?

Chances are you’ve read about the automatic benefit cuts all will endure in a decade if Social Security is not reformed before then. But Maurie Backman says a more pressing issue now and in the near term are COLAs that do not keep up with the true cost of living. A 2023 report by the nonpartisan Senior Citizens League found that Social Security recipients had lost 36% of their buying power since 2000. A big reason boils down to how COLAs are calculated. Backman explains the current CPI-W calculation versus a proposal to move to a CPI-E metric that might be more generous to seniors. Full piece here.

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or socialsecurityreport.org.