• 2018 Cost of Living Adjustment (COLA) Announced (Washington, DC) – The Social Security Administration has announced that the annual cost-of-living adjustment (COLA) will increase benefits by 2.0 percent for 2018. While the increase is the highest in five years, it won’t be enough to offset dramatically higher Medicare Part B premium increases for millions of beneficiaries, warns The Senior Citizens League. “For the third year ...
  • 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 by The Senior Citizens League (TSCL).  The findings represent a big loss of 7 percent in buying power, from 23% in 2016 to 30% over the ...
  • 2018 Cost of Living (COLA) Projection (Washington, DC) – Social Security recipients can look forward to receiving an annual cost – of – living adjustment (COLA) of about 1.8 percent in 2018, according to an estimate released today by The Senior Citizens League (TSCL).  “A COLA of that amount would make it the highest since 2012 — but even at 1.8 ...
  • Benefit Bulletin: September/October 2017 What Your Member Of Congress Might Try To Tell You About The COLA Don’t be surprised if you hear your Member of Congress say that the Social Security cost–of–living adjustment (COLA) is too high — and that you are overpaid. Even though the COLA has only averaged 1% in recent years, your COLA could become ...
  • Social Security Forecast: 1.8%-2% COLA Social Security recipients can expect a cost–of–living adjustment (COLA) of about 1.8%-2% starting in January, according to a new TSCL estimate. That continues a trend of extremely low COLA growth over the past five years. Beneficiaries received an increase of just 0.3% this year, and zero in 2016. In fact, since 2012, COLAs have averaged 1%, even though ...
  • Social Security Benefits Lose 30% Of Buying Power Since 2000 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 by The Senior Citizens League (TSCL).  The findings represent a big 7% loss in buying power just over the past 12 months, from 23% in 2016 to 30% in 2017.  ...
  • 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 ...
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