As inflation keeps climbing, so does the 2023 Cost-of-Living Adjustment (COLA) estimate. Think Advisor reports that the 2023 estimate is 8.9 percent.

Even if this estimate turns out to be true, it is not enough to help senior citizens. For decades the buying power of Social Security payments has been decreasing, even with the annual COLA adjustments.

In fact, the 2022 COLA is mostly gone before seniors even receive their payments, eaten away by the rising costs of healthcare.

Learn how you can help create change and help seniors nationwide.