The Senior Citizens League
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…