May 15, 2012 (Washington, DC) – Seniors have lost more than one-third of their buying power since 2000, according to the Annual Survey of Senior Costs, released today by The Senior Citizens League (TSCL). TSCL is one of ...
Category: Cost of Living Adjustment (COLA) Articles
Government Forecast — Three More Years Of Historically Low COLAs
Benefits May Fall For As Many as Six Million, Says New TSCL Impact Analysis Although consumers may not see it yet, government economists predict that inflation will be far lower than normal over the next three years. ...
Where’s My Social Security Payment? What Happens When The Social Security Trust Fund Runs Out?
Alexandria, VA (April 2, 2012) The Social Security trust fund that pays the benefits of almost 8.6 million disabled people is less than four years from complete insolvency, warns the Senior Citizens League (TSCL), o ...
Will Your Social Security Benefits Last As Long As You Do?
TSCL Believes Benefits At Stake The amount of money that the federal government owes to its creditors — including the Social Security and Medicare Trust Funds — is now estimated to be as big as the entire U.S. economy ...
No Deficit Reduction Plan? What Happens Now?
TSCL Senior Petitions Help Fend Off COLA Cuts The failure of the “Super Committee” to release a deficit reduction plan for a vote has Congress facing what some describe as “a ‘time bomb’ of its own making.” The failure ...
Seniors! How Did Two Years Without A Cost-of-Living Adjustment Affect You?
After two years without any cost-of-living adjustment (COLA), Social Security recipients will receive a sorely-needed 3.6% boost in 2012. Seniors are reporting that during the past two years of living without a COLA, the ...
Medicare Part B Premium Rises — How Much Will It Take Of Your COLA?
The Medicare Part B premium (covering doctors and outpatient services) is rising for most seniors in 2012. The Centers for Medicare and Medicaid Services recently announced the base monthly premium will be $99.90. Th ...
COLA 3.6% Next Year
TSCL Fights Plan To Cut COLAs For the first time in two years, seniors will get a cost-of-living adjustment (COLA) starting in January. But whether they see a boost in their bank statements is another matter. The So ...
Ask The Advisor: October 2011
Will We Get A COLA in 2012? Q: Can I expect a cost of living increase this next year? Something needs to happen! A: Something does need to happen. Seniors haven’t received any cost of living adjustment (COLA) ov ...
“Chaining” COLAs Still Under Consideration
“Chaining” COLAs Still Under Consideration By Mary Johnson The past two years without a cost-of-living adjustment (COLA) felt like the government clamped a lid on benefits. Now a Congressional debt reduction commit ...
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