COLA Archives - The Seniors Trust

Social Security COLA Could Double in 2022

Find out why the economic recovery may foreshadow a better financial future for retirees. Things look promising for Social Security in 2022.

It’s time we change how the Social Security cost of living adjustment is determined to make it more realistic for seniors’ unique expenses.

The Social Security cost-of-living adjustment (COLA) needs to be calculated based on the unique needs of the seniors collecting benefits.

Social Security needs to change how it calculates COLA to make it more fair to seniors who have greater healthcare expenses.

Social Security benefits are going up in 2021 but not enough to keep up with the rising costs of healthcare.

The Social Security COLA for 2021 is 1.3%. That’s an increase of 65-cents per day. The Social Security Expansion Act would provide $65 a month more.

A new bill joins the Social Security Expansion Act in fighting to set the Social Security COLA based on the Consumer Price Index for the Elderly.

The Social Security Administration has announced a 1.3% COLA for 2021. This COLA is far lower than what seniors need and deserve.