A Bigger Social Security Raise Than the COLA? Congress Is Considering One Right Now
Legislation proposed by one Senator would even extend Social Security's solvency by 75 years.
A Bigger Social Security Raise Than the COLA? Congress Is Considering One Right Now
Overview
Millions of retired Americans know that the phrase "fixed income" isn't completely accurate. Their income isn't fixed forever, at least not their Social Security benefits. That's because Social Security provides an annual cost-of-living adjustment (COLA) that usually increases its benefits.
Retirees rely on the COLA to help offset inflation's impact. Could they ever receive an even bigger Social Security raise? Maybe. The U.S. Congress is considering legislation right now that would make it happen.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
- Have S&P 500 Index Funds, Often Touted as the Best Stock Investments, Become Dangerous? There's a Worrisome Development -- and a Possibly Better Alternative.
- UK forces board sanctioned Russian shadow fleet oil tanker
- Rate Cuts Are Dead. Inflation Is Sticky. Here's 1 Type of Stock Built to Thrive in Exactly This Environment.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
