Birdwatch Note Rating
2022-11-02 13:38:51 UTC - HELPFUL
Rated by Participant: A76CE27CB6F57F549A235F9845874B3C215042B7F4C785F9A87DC71B1CD62EE4
Participant Details
Original Note:
Seniors will receive a large Social Security benefit increase due to the annual cost of living adjustment, which is based on the inflation rate. President Nixon in 1972 signed into law automatic benefit adjustments tied to the Consumer Price Index. Pub. L. No. 92-336 (1972). https://www.ssa.gov/history/1972amend.html
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