This Law Would Expand Social Security Benefits for Millions -- but It Comes at a Cost

Social Security's disappointing 2.5% cost-of-living adjustment (COLA) for 2025 has raised old concerns about its ability to adequately provide for the retirees who spent their careers paying into it. With the program hurtling toward a shortfall in about a decade, the cry for Social Security reform continues to grow louder.So far, bills to alter the program, either to increase benefits or ensure its sustainability, have failed to gain traction. But that may be about to change. The Social Security Fairness Act has already passed the House and as of the afternoon of Friday, Dec. 20, the Senate was expected to vote on it soon.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool