The Senior Citizens League
Inadequacy of COLA in the News Again
January Social Security benefits are underway at this point and, once again, observations of the COLA calculation process and its inadequacy to preserve purchasing power for seniors are surfacing. For example, a post this weekend by The Motley Fool’s Keith…
Senirs’ Growing Reliance on Social Security Benefits
The steadily eroding financial future of Social Security is popping up more frequently these days in a wide range of media outlets, and there’s no doubt that Congress’s strategy of kicking the can down the road is nearing its end.…
My Social Security Accounts Soon to Require Revised Log-in Procedure
If you created your Social Security account online before September 18, 2021, and haven’t updated it recently, you will need to do so relatively soon. SSA has established a new access method for personal accounts: it requires the creation of…
Social Security’s 2025 COLA, and a “World of Distress”
The 2.5% cost-of-living adjustment is a welcomed boost for Social Security beneficiaries; that’s a given. And the fact that this adjustment reflects a lessening of the inflationary pressures that have weighed on the economy for the past four years is…
COLA Announced – Reactions Now Taking Center Stage
Yesterday’s official announcement of a 2.5% Social Security cost-of-living adjustment arrived as expected, along with the also-expected commentary on the inadequacy of the benefit increase. Calling the 2.5% bump a “lost opportunity,” The Senior Citizens League (TSCL) executive director Shannon…
Another Scary Headline!
Reflecting on the “Latest News” article posted here Tuesday, we find another headline likely to cause concern among seniors until they read it. The article is titled “Seniors Losing Nearly $400 Each Month in Social Security: Report” and outlines a…
Clarifying the Banking Interactions Between the U.S. Treasury and Social Security
The charge that the political arena has, through the years, “stolen” money from the Social Security program is an enduring piece of folklore that surfaces routinely in social media and in a variety of news accounts. Some sources cite specific…
Showcasing the Deficiency of the Current COLA Process
Social Security’s annual cost-of-living adjustment (COLA) process supposedly measures the cost increases across the spectrum of spending categories Americans face. It’s based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), and it’s been that way…