Seniors have lost almost one-third of their buying power since 2000, according to the 2013 Annual Survey of Senior Costs, conducted by The Senior Citizens League (TSCL). TSCL's latest report adds fuel to the heated debat ...
Category: Cost of Living Adjustment (COLA) Articles
Congressional Corner: An Open Letter to TSCL Petition Signers
Representative C.W. Bill Young (FL-13) Thank you for signing a petition organized by The Senior Citizens League on various issues dealing with Social Security that are important to our nation’s elderly. As a Represent ...
Chained CPI Affects More Than Just COLAs
12 Ways Seniors Would Get Less, Pay More Efforts are quietly underway to lay the groundwork for a far-reaching fiscal deal that involves Social Security cost-of-living adjustments (COLAs) and Medicare benefits. White ...
Senior Survey: Monthly Benefits Rose Less Than $39, Expenses Rose More Than $119
Mary Johnson, Editor Ninety-seven percent of seniors say that their monthly Social Security benefits rose by less than $39 in 2013, but only 11% say their monthly expenses rose by less than that. According to TSCL's n ...
Are Deeper Cuts Coming? — How Much Would You Lose?
Most analysts believe that switching to a more – stingy measure of inflation to determine annual cost-of-living adjustments (COLAs) will form a key provision to larger government-wide deficit reduction legislation. The i ...
What’s Next for Social Security and Medicare?
TSCL Tells Congress —"Leave Social Security and Medicare out of Budget Negotiations" It's no longer a matter of 'if' Congress will cut Social Security and Medicare, but "when" most policy observers now believe. Much w ...
COLAs Overpay Seniors, Must Be Slashed! Deficit Cutters Say
Economists are saying that cost-of-living adjustments (COLAs) overpay seniors and that recipients don't need so much money to maintain their standard of living. Cuts to annual cost-of-living adjustments (COLA) are a key ...
Will 2013 Be a Year of Crisis?
COLAs Go Over The Fiscal Cliff Economic forecasts for 2013 warn of a financial crisis ahead. Nobody is feeling it more acutely than seniors living on fixed incomes. Retirees and disabled adults won’t see much of a c ...
Over 50 Organizations Sign Letter to Congress Opposing Chained COLAs
The Senior Citizens League is not alone in its opposition to a widely-discussed plan to reduce the federal deficit that would use a slower-growing consumer price index (CPI), known as the “chained” CPI, to calculate the ...
Past COLA Changes Costing Seniors Thousands In Social Security Annually
A widely-discussed plan to reduce the federal deficit would use a slower-growing consumer price index (CPI), known as the “chained” CPI, to calculate the annual cost-of-living adjustment (COLA). The proposal, often refe ...
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