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Another Indictment of Social Security’s COLA and its Inadequacy
Sure, the 8.7% cost-of-living adjustment showing up beginning this month in beneficiaries’ monthly payments is welcomed relief, but the question of how well it compensates for inflation is subject to frequent questions. In a nasdaq.com post by Bram Berkowitz, the gap between rising costs and rising benefits is highlighted, along with a reiteration of the conclusions drawn by The non-partisan Senior Citizens League (SCL) that the overall calculation approach is in need of change. Check out the Berkowitz post here…