Social Security's Cost-of-Living Adjustments

Brief

Social Security's Cost-of-Living Adjustments

Can Reforms Protect the Most Vulnerable Recipients?

Abstract

This essay focuses on Social Securitys increasingly inept cost-of-living adjustments (COLAs). In explaining how the oldest and weakest recipients are those who suffer most due to current COLAs, the essay argues that any reform must aim to protect these vulnerable elderly. It also addresses the growing inequality between benefits received by younger and older retirees and presents ways of balancing Social Security so that it best serves all individuals throughout their retirement.

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