Social Security's COLA Increase Is Based On a Dated Measure

Social Security just announced the biggest increase in beneficiaries’ cost‐​of‐​living adjustment (COLA) in 40 years: 8.7%. The trouble is, Social Security is using an outdated measure that’s driving up benefit costs. The so‐​called chained CPI would protect seniors’ purchasing power while extending Social Security’s ability to provide benefits. Read Full Article »