Dissatisfaction with Social Security’s COLA Highlighted by Study
This isn’t really news, but many seniors have concerns about the 3.2% cost-of-living adjustment set to kick in next month. These concerns focus on a few well-known and frequently discussed criticisms of the current process, specifically that the adjustment is a lagging factor (that is, it serves to help seniors recover partly from the inflation they’ve already suffered) and the concerns that the use of CPI-W as the driver doesn’t realistically address the cost categories most pertinent to seniors. The Motley Fool’s Keith Speights, in analyzing the results of a study by public interest law firm Atticus, discusses these concerns as well as some deeper issues relating to Social Security’s long-term solvency problems. Check the post out here.