PolitiFact - Joe Biden’s boast about Social Security inflation adjustment is Pants on Fire

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PolitiFact - Joe Biden’s boast about Social Security inflation adjustment is Pants on Fire
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President Joe Biden said, 'On my watch, for the first time in 10 years, seniors are getting an increase in their Social Security checks.' In reality, such adjustments are automatic, and have occurred in nine of the past 10 years.

• Social Security recipients have received increases in their checks in the form of inflation adjustments for nine of the past 10 years. The adjustments are based on a key inflation measure, as mandated by a 1972 law.Just days before the close of the midterm elections, President Joe Biden touted his commitment to"protecting Social Security and Medicare and lowering prescription drug costs.

"On my watch, for the first time in 10 years, seniors are getting an increase in their Social Security checks," heThat is inaccurate: Under a longstanding law, Social Security cost-of-living adjustments occur automatically, based on a formula tied to inflation. Seniors have received increases nearly every year for the last 10 years.The White House also made a separate but similar statement on Twitter that prompted criticism.

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