Statement by Retiree Leader Richard Fiesta on the 3.6% COLA Increase for Social Security Beneficiaries
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The following statement was issued by Richard Fiesta, Executive Director of the Alliance for Retired Americans, regarding the announcement that there will be a 3.6% cost-of-living (COLA) benefit increase for millions of Social Security beneficiaries next year:“Millions of Americans who rely on Social Security welcome any increase in their monthly benefits, but even this larger-than-normal cost-of-living increase is just not enough to keep up with the cost of food, gas, utilities, and prescriptio
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