By Mary Johnson, editor Now that the Social Security Administration has confirmed that Social Security benefits will increase by 5.9% in January of 2022, what’s next? Several factors play an important role in determi ...
Buying Power of Social Security Benefits Plummets in 2021
Soaring inflation has deeply weakened the purchasing power of Social Security benefits in 2021, according to TSCL’s latest update on rising senior costs. The study, which compares the growth in the Social Security cost- ...
Social Security Benefits to Increase 5.9% for 2022
Social Security recipients will receive a 5.9 % cost-of-living adjustment (COLA) effective January 2022 — the highest in 40 years. The high COLA comes as more than 62 million retired and disabled Americans have spent mu ...
Benefit Bulletin: September 2021
Most Look Forward to Boost; Low-Income Retirees Worry Benefits Could be Trimmed By Rick Delaney, Chairman of the Board We have been hearing from hundreds of you who are watching the inflation numbers and eagerly lo ...
COLA Estimated to Be 6% to 6.1% For 2022
By Mary Johnson, editor The Social Security cost-of-living adjustment (COLA) for next year is likely to be the highest seen by retirees since 1982. Based on the most recent CPI data through August, I estimate that th ...
Your Social Security Benefits Buying Less
By Mary Johnson, editor Rapidly climbing prices for consumer goods and services are making financial choices for older adults especially challenging this year. But eventually, these higher prices might mean a higher ...
Buying Power of Social Security Benefits Wiped Out by Soaring Inflation
An abrupt jump in inflation in February and March of this year wiped out a short-lived improvement in the buying power of Social Security benefits in 2020, according to TSCL’s latest study on rising senior costs. The st ...
Are We Experiencing the Return of Inflation?
By Mary Johnson, editor Wall Street economists are in the midst of a growing debate over whether we are in for “the return of inflation.” (Oh, go ahead and snort. I did too when I first read about this.) Recently ...
What’s Missing From Your Social Security Check? For Many — $247
By Mary Johnson, editor The announcement of the annual Social Security cost-of-living adjustment (COLA) for the following year is like watching Charlie Brown trying to kick a football. Charlie Brown, our beloved cart ...
Social Security Announces 1.3% COLA For 2021, One of Lowest Ever Paid
Social Security recipients will receive an annual inflation boost of just 1.3% in 2021. The increase is so small, it’s one of the lowest on record. The 2021 cost of living adjustment (COLA) will increase the average re ...
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