Annual COLAs are simply not keeping pace                                                                                                                  

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Dear Supporter,

Whenever I do a town hall about Social Security, one issue invariably rises to the top: Social Security Cost-of-Living Adjustments (or COLAs ( [link removed] )). Older Americans consistently tell us that their annual COLAs are not keeping pace with their rising expenses.

Since 2010, the majority of COLAs have been woefully inadequate at keeping up with seniors’ rising costs — in three of these years, there were no cost-of-living increases.

That’s why the National Committee is leading the fight in Washington for a fair and accurate COLA that takes into account seniors’ real spending on big ticket items like housing and medical care. Please support our battle by making one urgent donation today! ( [link removed] )

Fortunately, a better COLA formula exists! It’s called the Consumer Price Index for the Elderly — or CPI-E — based on a “basket” of goods and services that reflects older Americans’ real spending patterns. The CPI-E just got a big boost from a group of U.S. Senators who included it in their bill called the “Boost Benefits and COLAs for Seniors Act.” ( [link removed] ) This important bill ensures that seniors get the largest COLA possible to help them contend with the rise in costs they are facing. But it will take effort to push it through to the finish line.

Supporter, this situation is about as a serious as it gets. We simply can’t wait anymore! A more generous COLA formula is absolutely crucial to keeping millions of older Americans from slipping into poverty. That’s why the National Committee is counting on your support to put maximum constituent pressure on lawmakers to pass legislation that would boost the annual COLA!

Sincerely,

Max Richtman
President & CEO

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