S. 3974 proposes changes to how cost-of-living adjustments for Social Security are calculated, aiming to make these adjustments more accurate for older adults. The bill suggests using the Consumer Price Index for Elderly Consumers instead of the current index to determine...
Simple Explanation
S. 3974 is a suggestion for changing how Social Security payments keep up with rising costs by using a special measure that looks at what older people actually spend money on, to make sure their payments stay fair and helpful.