Social Security COLAs Fell Short 69% of the Time Over 25 Years, a Survey Shows

Cost-of-living adjustments (COLAs) are a crucial part of the Social Security benefits program. In most years, they provide retirees with extra income in their checks to help ensure they can maintain their buying power even as inflation causes the cost of goods and services to rise.Since COLAs are so important, a new report that shows they often fall short is a major problem.The Senior Citizens League (TSCL), a senior advocacy group, has published data highlighting how often retirees are being let down by COLAs that are too low. And the news is definitely not good since it has far-reaching implications for the financial security of seniors across the U.S.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool