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benefit does not cover some extras like drugs, supplies and extra.TSCL recently delivered letters to every Member of Congress calling on them to support legislation that would provide a more fair and adequate COLA. "Congress created the automatic COLA in 1972 to help benefits keep up with inflation. But according to our research, COLAs are failing to keep up with the rising costs seniors are facing. Since 2000 Social Security benefits have lost 30 percent of their buying power, and in the last year alone they have lost 7 percent.".Because this is an election year, elected lawmakers are likely to be listening extremely carefully to their constituents. Your help now, and that of family and friends, could make the difference in pushing through the ,000 lump-sum legislation..However, some advisors have said it would be unwise for Biden to clean house. The board currently has four Republican governors, two Democratic governors and three vacancies..Boosting Social Security benefits for everyone. The proposed boost would equal 2% of average benefits..According to TSCL's 2021 study of typical retiree costs, the average Medicare recipient can expect to spend more than ,000 per month on healthcare costs this year. Considering that the average retiree benefit is just ,550 per month, that doesn't leave much wiggle room for everything else in a year of spiraling inflation. Paying for food gasoline, or home and auto insurance is more challenging this year than it has been in 13 years..Alexandria, VA Seniors got a modest 3.6% boost in their Social Security benefit this year. But whether it's making a difference in the bank balances of the more than 39.5 million seniors aged 65 and older who get Medicare is another story. The Senior Citizens League, one of the nation's largest nonpartisan seniors groups, is hoping to learn the answer to this question. TSCL recently launched its annual "Senior Survey" to find out how rising Medicare and other costs are impacting seniors' incomes and.At this point in time, it remains to be seen whether or not lawmakers will successfully avert the October 1st shutdown. Leaders in the House have already cancelled the week-long recess that was scheduled to begin on September 23rd, and according to Congressional Quarterly, a Senate vote on the measure could come as late as September 29th just one day before funding for federal agencies expires..One of the Biggest Financial Mistakes You Can Make In Retirement