Government Shutdown Delays Social Security Adjustments for Seniors | AI News Digest
Industry insiders report that the current government shutdown is hindering the collection of essential data needed to assess cost-of-living adjustments for Social Security beneficiaries, leaving many seniors worried about their financial stability. Sue Conard, a Social Security beneficiary, voiced her worries during a recent trip to Capitol Hill, where she joined fellow retirees advocating for reforms to the program. The Senior Citizens League estimates that benefits could increase by 2.7% next year, equating to an extra $54 per month for the average retiree. However, advocates contend that this increase falls short of meeting the growing healthcare and living costs that seniors face. They are calling for adjustments based on the Consumer Price Index for the Elderly (CPI-E), which more accurately reflects the spending habits of older Americans.
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