Are Social Security Benefits Really Protected Against Inflation?
(WorldNews Business)

If you purchased something for $5 back in 1913, it would cost roughly $129 today. We can thank inflation for that. Inflation is what causes the cost of goods and services to increase over time, and it`s the reason why $1 today won`t be worth $1 in 20 years` time. It`s also the reason why so many Social Security beneficiaries struggle financially during retirement. Social Security`s COLAs: A flawed system Social Security is technically designed to keep up with inflation, but in practice, that hasn`t really been happening. Benefits are based on workers` 35 highest-paid years of earnings, coupled with the age at which they`re claimed. For example, if you`re entitled to $1,500 a month based on...