Oh No -- There's a Proposal Afloat to Shrink Social Security's Cost-of-Living Adjustments (COLAs)
This proposal would give 80% of beneficiaries a smaller annual increase than they would get with the current system.
Overview
If you ask me, Social Security has enough problems right now -- and I've just learned of a new one.
The main problem I've been aware of is this: With people living longer than they used to decades ago and many people retiring earlier than they did in the past, the ratio of workers to Social Security beneficiaries has been shrinking over time.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
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.