(Alexandria, VA) – Social Security beneficiaries have lost 22 percent of their buying power since 2000, according to the 2015 Survey of Senior Costs by The Senior Citizens League (TSCL). The findings show a dramatic drop ...
Category: Cost of Living Adjustment (COLA) Articles
One-Third Of Social Security Recipients Have No Other Income
Alexandria, VA: One out of three Social Security recipients, about 31 percent, say they rely entirely on Social Security for all of their income, according to a new survey from The Senior Citizens League (TSCL). With Soc ...
COLA Next Year May Be Zero — Yet Your Housing And Medical Costs Are Jumping
Mary Johnson Cheap gasoline and home heating oil have made plenty of news since last October. The plunge in petroleum prices, the steepest in six years, has also dragged down inflation. In fact, consumer price index ( ...
2015 Survey of Senior Costs Finds Big Drop In Inflation
May Signal Zero COLA for 2016 An unusually steep drop in inflation has slightly improved the buying power of Social Security benefits this year — by about 9%. But despite the temporary improvement, Social Security ben ...
Odds Are Growing For Zero COLA In 2016
The plunge in gasoline prices, in recent months, sent the consumer price index (CPI) into a nose-dive. That deflation is expected to make a big dent in the Social Security income of 56 million people next year, according ...
Legislative Update: March 2015
Will Budget Negotiators Propose Cutting COLAs Again? Jessie Gibbons, Legislative Assistant With the Social Security Disability Insurance trust fund set to become insolvent by the end of next year, The Senior Citize ...
What’s Your Social Security Benefit Missing? About $113 A Month
Beneficiaries received a 1.7% cost-of-living adjustment (COLA) this month, making 2015 the sixth year of exceptionally low COLA growth. With the average monthly Social Security payment hovering around $1,090, the annual ...
Benefit Bulletin: January 2015
Is The Government Manipulating COLAs? Cost-of-Living Adjustments (COLAs) have languished at exceptionally low levels in recent years. Administration officials and economists point to the sluggish economy and recent ec ...
TSCL Grassroots Spotlight
Gino Grosso Speaks Out On the COLA "Seniors need to get organized," says Gino Grosso of Philadelphia, Pennsylvania. "Too many feel they can't do anything about low COLAs. People are very resigned." Recently Gino wa ...
Social Security Recipients Think Government Manipulates CPI Data
Alexandria, VA: People who receive Social Security benefits overwhelmingly think the federal government is manipulating consumer price index (CPI) data, according to a new poll by The Senior Citizens League (TSCL). When ...
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