Thegrio Politics
@thegriopolitics·150K subscribers·8.3K videos
In the Black: Social Security Will Increase, Black Businesses See Help
Posted
October 14, 2021
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297
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5
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October 14, 2021
297
5
1.68%
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5:08Now PlayingBNC’s Shannon LaNier reports on changes in social security, child poverty rates and a minority grant that is supporting Black businesses.
Millions of people on social security will be receiving a 5.9% benefit hike next year. This is the biggest cost-of-living adjustment (COLA) in 39 years. The increase in the size in social security checks follows a blast of inflation. The COLA increase amounts to about $92 for the average retired person.
Black entrepreneurs have been left on the back burner, receiving little to no assistance when it comes to furthering their businesses. However, BNC’s Najahe Sherman reports on how one company is helping ensure that minority business owners get the help they need.
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#SocialSecurity #COLA #BlackBusinesses
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