Inflation dictates the annual benefit adjustment, known as the COLA, for retired Americans. This year’s boost, which will be announced on Thursday, is expected to be big.
A reformed Social Security with personal retirement accounts can domuch more than reducing the program's coming fiscal problems. Itwould also allow workers to build family nest eggs; give workersgreater asset control; strengthen communities' economic base; yielda higher rate of return; and allow workers benefit ownership.