Learn how the new Social Security updates aim to better align senior benefits with their actual living costs.
In this update, we delve into significant changes to Social Security, focusing on the Boosting Benefits and COLAs for Seniors Act, and how it impacts retirees, as well as those on SSI and SSDI. You’ll learn how benefits are recalculated using the new CPI-E, which more accurately reflects the real expenses seniors and disabled individuals face, such as medical costs. We’ll clarify the differences between the existing CPI-W and the new CPI-E, and discuss why this adjustment is crucial for enhancing the financial security of retirees and other beneficiaries. Explore the legislative process and the diverse organizations advocating for these changes, all aimed at aligning benefits more closely with the actual living costs of seniors, disabled individuals, and their families.
Social Security Increase: New Plan for Bigger Checks | Boosting Benefits and COLAs for Seniors Act
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