Social Security increase: New bill could give seniors more money
Social Security benefit recipients could see a Social Security increase, if a new bill proposed in Congress gets passed and signed into law.
The “Boosting Benefits and COLAs for Seniors Act,” proposed by Rep. Ruben Gallego, D-Ariz., and Sen. Bob Casey, D-Pa., requires the use of the Consumer Price Index for Americans 62 years or older to set the change in cost-of-living adjustments (COLAs).