Expand and increase Social Security benefits
'Biden proposes to boost average benefits across the board while putting Social Security on a long-term path to solvency by...'
Reference: www.politifact.com
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'Biden proposes to boost average benefits across the board while putting Social Security on a long-term path to solvency by...'
'...If that happens, it will be the first time the COLA has reached double digits since it hit 11.2% in 1982, according to the Social Security Administration. This year’s COLA of 5.9% is the highest since 1981. As recently as last year the COLA was only 1.3%. If inflation runs “hot” — or higher than the recent average — the 2023 COLA could be 11.4%, said Mary Johnson, the Senior Citizens League’s Social Security and Medicare policy analyst. That would be the second-highest COLA since the SSA began ...'