This Was the Average Social Security Benefit in 1975, and Here's What It Is Now

If you're receiving (or soon will receive) Social Security benefits, you may be aware that the Social Security Administration increases benefits most years to offset the impact of inflation.Do these annual increases actually achieve their goal, though? It depends on who you ask.The Senior Citizens League argues that since 2010, the program's beneficiaries have lost 20% of their buying power. The bulk of this shortfall stems from disappointing cost-of-living adjustments (COLAs) immediately following the financial crisis of 2008.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool