Social Security COLA Projected to Be the Highest In Decades
Social Security recipients are likely to get a big COLA in 2022, but the author notes that this is a major financial burden for the program.
Social Security recipients are likely to get a big COLA in 2022, but the author notes that this is a major financial burden for the program.
The author says that Social Security is losing billions of dollars that will one day hit retirees directly in the wallet.
The author says that Social Security heads further down the road of insolvency with the more time that passes without a viable fix from Washington.
The author says that the negative impacts of the COVID-19 pandemic on wages could reduce some seniors’ Social Security benefits in the future.
The author says that an increase in the federal minimum wage could have an impact on Social Security and the annual COLA for federal retirees.
The author says that the economic impact of the coronavirus is going to make a dramatic appearance in the next Social Security Trustees report.
The author says that neither presidential candidate appears to have a solid plan to address looming problems with Social Security.
The author says that the recent “defund Social Security” debate is more about politically driven sound bites than facts.
The author says that a proposal to suspend the Social Security payroll tax would jeopardize the overall health of the program.