Free Republic

Key PointsSocial Security provides a periodic cost of living adjustment.Seniors will see their benefits increase by 5.9% in 2022.The rising costs of five necessities could mean the COLA may not provide much extra buying power.Social Security benefit checks will be much larger next year for retirees. Seniors receiving retirement benefits are entitled to annual cost of living adjustments (COLAs) to help maintain their buying power. The 2022 COLA will provide older Americans with a 5.9% benefit increase.While this may seem like a lot of extra money, the sad reality is that rising prices in some key areas are likely to...

The Real Reason Hitting The Debt Limit May Mean Social Security Checks Stop July 14th, 2011By Aaron Krowne Founder, ML-Implode.com It’s crunch time, and now we’re hearing as part of the hyper-political debt ceiling debate that that Social Security checks may stop. But interestingly, we’re not just hearing that from Congressional Republicans: Obama has raised that spectre as well. Many left-leaning critics are shocked, believing Social Security to be… well… secure, and are incensed that Obama would be willing to slaughter this sacred cow. After all, if in the case of default, the government can prioritize payments to various areas,...