More Seniors Declaring Bankruptcy: COLA Calculations Need Improvement
Lately, many seniors are declaring bankruptcy. One way to help is to include healthcare costs in the annual COLA calculations.
Lately, many seniors are declaring bankruptcy. One way to help is to include healthcare costs in the annual COLA calculations.
With prices starting to rise again, some are predicting a larger COLA for 2022. In fact, some believe it will be the largest since 2012.
Senior citizens deserve to have financial security. That's why Senior Security Alliance was formed. Help us create a new and more secure future.
The skyrocketing prices for healthcare mean retirement benefits 30% less purchasing power today than they did 20 years ago.
Many people believe believe Social Security benefits will be enough to cover retirement expenses. However, many retirees can't rely solely on their benefits.