Your Social Security retirement check provides for an annual cost-of-living adjustment to keep pace with the Consumer Price Index.
For example, if you began receiving an annual Social Security retirement benefit of $6,000, your benefit would have increased to about $8,900, ten years later, assuming an average annual increase of 4%.
Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.