Social Security’s cost of living adjustment, otherwise known as the COLA, for 2023 is expected to be around 9% or even higher, the highest in 40 years, analysts estimate.
Story continuessince the government has adopted a “kinship care” approach to child welfare, which centers on keeping kids in homes with their next of kin, as opposed to foster care.
Since the pandemic, Social Security has become even more important for children, as “COVID has taken a lot of parents,” said Maya Rockeymoore Cummings, a nonresident senior fellow at Brookings Metro, which is part of the Brookings Institution, and the CEO of Global Policy Solutions, a social change strategy firm.under age 18 had lost a parent or guardian due to COVID.
Gentry is an advocate for grandparents who raise their grandkids, and the building her family lives in is at capacity. She said many of the grandparents, who are African American and support each other in their tight-knit community, rely solely on Social Security for their income.shows that African American children are in the greatest need of the added help from Social Security benefits.
“And for the children who receive Social Security benefits,” both directly and indirectly, “low-income kids benefit the most,” she said.
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