GgoogleIN first seen 7 h ago, last 7 h ago, peak #3
Social Security COLA projected at 3.5%, called insufficient
Original: social security
A projected 3.5% cost-of-living adjustment for Social Security benefits is drawing criticism, with a large majority of older adults saying the increase would not cover their rising costs. The annual COLA, designed to keep benefits in line with inflation, is being discussed in the US and is also trending in the UK. Advocates and beneficiaries argue essentials like food, housing and healthcare are outpacing the adjustment.
Why now: The annual COLA announcement is imminent, prompting debate over whether the projected increase will keep pace with seniors' living costs.
Social SecurityAARPUnited States
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