Big COLA increase for Social Security
Nearly one in five U.S. residents – 65 million people – receive Social Security benefits. 42% of individuals 65 and older live in families that rely on the program for at least half of their income, while 20% rely on it for at least 90% of their income.
So when it was announced this week that Social Security recipients will get a 8.7% cost of living adjustment, it was a huge deal for millions of Texans. KRLD's John Liddle talked about the news with Cristina Martin Firvida, Vice President, Government Affairs,
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