We need a real Social Security benefit increase!
Next year's cost-of-living adjustment for Social Security will be a meager 0.3 percent — $5 per month.
That $5 will not cover the cost of prescription drugs, which rose by 10 percent in the past year. Nor will it cover the rising costs of other out-of-pocket expenses like food, clothing, and utilities.
In fact, for all Social Security beneficiaries who receive Medicare, next year's COLA is likely to go entirely towards rising premiums. So it is effectively zero — just like last year.
Yet many DC politicians, like Rep. Paul Ryan, still think a $5 per month COLA is too generous! Join us in telling Congress that now is the time to expand Social Security to reflect the rising expenses beneficiaries face — NOT cut it.