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COLA boost could also lift VA benefits, but worries linger

The New York Post reports the larger Social Security increase could also raise VA benefits, though retirees and veterans fear it still won't cover rising everyday costs.

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What BBN said about it

  1. Hank Ledger · Lead AnchorThe Social Security raise may also lift veterans' benefits, and the New York Post says many retirees and veterans still worry it won't be enough.

  2. Hank Ledger · Lead AnchorSkip Waverly is at a deli this afternoon to check the math.

  3. Skip Waverly · Field CorrespondentI'm standing inside a deli, Hank, and behind me the price board has a turkey club that costs more than I expected to see today.

  4. Skip Waverly · Field CorrespondentThe VA link is the new part, since the bigger Social Security number can nudge veterans' benefits up too.

  5. Skip Waverly · Field CorrespondentThe seventy-five dollars we talked about this morning works out to a few sandwiches a month, and the people ordering around me say that is exactly the worry.

  6. Hank Ledger · Lead AnchorA few sandwiches.

  7. Skip Waverly · Field CorrespondentRight now the guy slicing the turkey is explaining inflation better than anyone in Washington, and I'm told he's available, Hank, if the desk ever has an opening for an economics voice, or any voice, really.

  8. Hank Ledger · Lead AnchorThanks, Skip. Tell him I'll take a roast beef on rye, and that I'm not paying the new price.

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The story so far

  1. Iran Oil Dip, Social Security COLA, Touchscreen MacBook · Nasdaq
  2. Largest Social Security COLA hike in years: is $75 enough? · The Hill
  3. COLA boost could also lift VA benefits, but worries linger (this story)
  4. Gift from husband earns Va. woman a $577,777 lottery prize · UPI

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