Lawmakers in the U.S. House of Representatives and U.S. Senate are seeking to address the rising costs of living for U.S. seniors, primarily those living on fixed incomes, which would be accomplished by increasing monthly benefits and requiring the Social Security Administration (SSA) to use a different inflation-calculation formula.

The bill, known as the Boosting Benefits and COLAs for Seniors Act, is being spearheaded in the Senate by Bob Casey (D-Pa.), chairman of the Special Committee on Aging, and in the House by Ruben Gallego (D-Ariz.). So far, Gallego’s details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com