Early estimates for the 2023 COLA put it as the highest in over 40 years. Could this measure help combat inflation?
Category: Social Security 101
The History of Social Security Part 6: Cost-of-Living Adjustments
This week, we’re diving into the history of cost-of-living adjustments and how they were first established for Social Security beneficiaries.
The History of Social Security Part 5: Monthly Payments and Amendments
Monthly Social Security payments began soon after the act was put into place, and amendments soon followed.
The History of Social Security Part 4: Social Security Numbers and Trust Funds
Our dive into the history of Social Security continues with a look at Social Security numbers and the first trust fund for the program.
Increase to the Full Retirement Age ‘Just a Benefit Cut’
Seniors could see an increase to the full retirement age used to determine Social Security payouts, but this could be a sneaky benefits cut.