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 ...
Category: Cost of Living Adjustment (COLA) Articles
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 ...
Christmas Wish – Higher COLA
Alexandria, VA: More than 90 percent of older Americans are likely to be making a secret Christmas wish for the New Year, says The Senior Citizens League (TSCL). “That’s to make ends meet,” says TSCL Chairman, Ed Cates. ...
What Government Manipulation of Inflation Is Doing To Your Benefits
For the sixth consecutive year, Social Security beneficiaries will receive a cost-of-living adjustment (COLA) that's a near-record low. Benefits will rise in January by a meager 1.7% after a 1.5% increase in 2014. In fac ...
1.7% COLA Announced For 2015 — How Well Does It Cover Your Rising Costs?
Social Security Benefits Impact Estimated at $4,000 Over Past Five Years For an unprecedented sixth consecutive year, Social Security recipients will get a record low cost-of-living adjustment (COLA) of 1.7% in 2015. ...