Birdwatch Note Rating
2022-11-02 14:20:34 UTC - HELPFUL
Rated by Participant: B51FB5508F60601F818F7B4193E8D9EDC528A92C8D9EF7403FE56F2DCDDEC44D
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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