• The COLA Was Only 0.3% This Year. Retirees Report Costs Grew By A Lot More By Mary Johnson, editor Social Security’s annual cost-of-living adjustment (COLA) is provided to help people maintain the buying power of their Social Security benefits as prices go up. Since the COLA was only 0.3% this year, and zero the year before, the consumer price index, (as measured by our government at least) showed that prices went ...
  • Social Security Benefits Lose 30% of Buying Power Since 2000 (Washington, DC) – Social Security beneficiaries have lost nearly one – third of their buying power since 2000, according to the 2017 Social Security Loss of Buying Power Study released today by The Senior Citizens League (TSCL).  “The findings represent a big loss of 7 percent in buying power, from 23% in 2016 to 30% ...
  • $210 Billion COLA Cut Proposed To Pay For Trump’s Border Wall Who will pay for President Trump’s border wall with Mexico? It’s looking increasingly unlikely that it will be Mexico, and that the money may instead come out of the Social Security benefits of older Americans. The President’s very first budget for fiscal year 2018 contains a request to build a border wall with Mexico. Now a ...
  • Household Spending Up – Social Security Benefits Flat (Washington, DC) –    Older Americans report that their household budgets jumped substantially last year despite the lack of growth in their Social Security benefits, according to a new survey by The Senior Citizens League (TSCL).  “The gap between benefit growth and retiree costs was particularly pronounced due to rising prices of the most essential ...
  • Attention, Seniors: A New Social Security COLA Bill Was Just Introduced in Congress Attention, Seniors: A New Social Security COLA Bill Was Just Introduced in Congress
  • Social Security Benefits Go Up, But Most Beneficiaries See No Increase Social Security recipients are finally getting a cost-of-living adjustment (COLA) this year that became effective January 1st.  But if you’re like Millicent G., a 72-year-old retired veterinary technician from Williamsburg, Virginia, the 0.3% COLA increase is a far cry from what you think it should be.  “The cost-of-living adjustment is completely ignoring seniors,” she says. In ...
  • If “Senior CPI” Used To Calculate COLA, Benefits Would Be 2.1% Higher In 2017 Says The Senior Citizens League (Washington, DC) – Social Security recipients would get a cost-of-living- adjustment (COLA) that’s seven times higher this year if the annual boost were tied to the rise in the “seniors’” consumer price index, according to a new analysis by The Senior Citizens League (TSCL).  Recent data from the U.S. Bureau of Labor statistics confirms that ...
  • 0.3% COLA Lowest Ever Paid TSCL Pushes For Emergency COLA After a year without a cost-of-living adjustment (COLA), Social Security beneficiaries are finally getting a boost in January.  But the increase, if it can be called that, is so small that it’s the lowest ever paid — 0.3%.  The COLA will raise every $1,000 in benefits by just $3.00 and, for ...
  • COLA Hits New Low — 0.3% For 2017 After receiving no cost-of-living adjustment (COLA) this year, Social Security beneficiaries will finally receive a raise effective January 1st.  But the increase in benefits is so small, it will be the lowest payable COLA ever in the history of the program — raising a $1,000 benefit by just $3.00. The new low comes as COLAs have ...
  • 2017 COLA Announcement (Washington, DC) –Today’s announcement of a 0.3 percent cost – of – living adjustment (COLA) is another major disappointment to the 60 million people who depend on Social Security, says The Senior Citizens League (TSCL.) “The consumer price index (CPI) that the government uses to determine the annual COLA is simply not doing the job ...
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