A new bill would raise Social Security COLAs

A new bill would raise Social Security COLAs
·3 min read
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A new bill has been proposed in Congress that would raise the annual cost-of-living adjustment, or COLA, by tying them to the price inflation experienced by seniors. The “Fair COLA for Seniors Act” has been introduced by John Garamendi, a Democratic congressman from California. Currently Social Security checks are increased every year in line with an official measure of inflation designed around working age Americans.

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