Seniors May Experience Mixed Benefit Increases With New Social Security Bill, Advocates Weigh In
Harrisburg, Pennsylvania – Lawmakers have proposed new legislation aimed at adjusting Social Security benefits for Americans aged 62 and older. The Boosting Benefits and COLAs for Seniors Act, introduced by Sen. Bob Casey, D-Pa., seeks to base benefit adjustments on the Consumer Price Index for Elderly Americans (CPI-E) rather than the current Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). This change is intended to better reflect the financial challenges faced by …