OPINION: We can’t become complacent and start believing the narrative that Social Security “won’t be around.” We need to fight for it because we will need it.
The news is in for Social Security beneficiaries: Next year you’ll get a 5.9% cost-of-living adjustment, or COLA, to your monthly checks to try to make up for inflation.
Read: The largest COLA hike in 40 years is coming to Social Security in 2022 — what it means for your retirement Social Security is an important source of income for seniors, helping them to afford life’s luxuries like medicine, food and a roof over their heads. The degree to which the COLA increase is closely watched shows that we can’t become complacent and start believing the narrative that Social Security “won’t be around,” when younger workers are eligible to claim. We need to fight for it because we will need it, too.
And that’s what we’ll get…only if we do nothing whatsoever to save Social Security’s finances. The trustees’ latest report predicts that the Social Security and Disability Insurance trust funds, which are generally considered together for these calculations, will be able to pay around 78% of benefits once their accumulated savings are depleted next decade.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Why I won't wait to take Social SecurityOPINION: Delay taking Social Security until age 70? No thanks. The men in my family died young and I want to retire early and enjoy the rest of my life, Juan Fourneau writes.
Baca lebih lajut »
Seniors are getting a big Social Security raise --- but here’s why they’re falling further behindOPINION: Even with the big cost-of-living adjustment for Social Security, seniors are still falling behind. The rising cost of healthcare is one reason.
Baca lebih lajut »
Selena Gomez reveals approach to social media that 'saved my life'Think you're speaking directly to Selena on Instagram or Twitter? Think again.
Baca lebih lajut »
You're Not Alone if Your Social Media Boundaries Never Freakin' Work'Maybe the only way is if we all agree to get off of it together?”
Baca lebih lajut »
Biden gives some clues on potential compromises to his social safety net planPresident Joe Biden laid out areas of potential compromise to his massive 10-year spending plan during a speech on Friday at a childcare center in Connecticut.
Baca lebih lajut »