Social Security COLAs Stink at Beating Inflation. Here's a Better Way

There are many older Americans today who are grateful for Social Security -- and for good reason. Not only do those benefits serve as a financial lifeline for many seniors, but they're also eligible for an annual cost-of-living adjustment, or COLA.The purpose of Social Security COLAs is to help ensure that seniors are able to maintain their buying power as inflation drives living costs upward.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool