Birdwatch Note Rating
2022-11-02 14:42:45 UTC - HELPFUL
Rated by Participant: C149D6B5FC50E9F839276864BA44F0E51D37F5C5FC802EDCC2A8DFAA52350525
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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