Latest News
The Fair COLA for Seniors Act of 2021
Social Security currently adjusts payments annually based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). However, since CPI-W has wage earners in mind, most people receiving Social Security are no longer in the workforce, and it does not account for the actual costs for many retirees. The Fair COLA for Seniors Act of 2021 bill has been introduced in the House of Representatives; it would be used instead of CPI-W to calculate future Social Security COLA adjustments with the Consumer Price Index of Elderly Consumers (CPI-E). Ben Geier, writing for Yahoo!Finance explains how this could affect your Social Security Payment. Read Mr. Geier’s article here…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.