The issue isn't even the extra $70, it's how they calculate it in the first place. Using general inflation instead of focusing on seniors' actual living costs makes zero sense.
Retirees spend most of their income on healthcare and prescriptions—and those prices rise way faster than the average. In reality, an increase like that barely covers the rising cost of medication for the month.
Isn't it time to update the Social Security formula to something more realistic, or is the fear of budget impacts what's keeping it stuck?
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