By Mary Johnson, editor The coronavirus is creating especially challenging long-term impacts for the nation’s retirees. Coronavirus - caused deflation will likely obliterate the Social Security cost-of-living adjustm ...
Category: Cost of Living Adjustment (COLA) Articles
Deflation Signals Zero COLA For 2021, Benefits Lose 30% Of Buying Power
Social Security benefits have lost 30 percent of buying power since 2000. These are the findings of an annual TSCL study that examines the adequacy of Social Security benefits in keeping up with the rising costs typical ...
A Coronavirus Caused Recession Could Eliminate Next Year’s COLA
Older Americans have the highest health risk from the coronavirus and now the coronavirus-caused economic recession, along with falling oil prices, put the next Social Security cost-of-living adjustment (COLA) in jeopard ...
Should Social Security Benefits be Adjusted Using a Locality-based Payment Rate?
Mary Johnson, editor Should Social Security benefits be adjusted annually using a locality – based payment rate? Some of you, particularly those of you who are retired federal employees know far more about locality - ...
Benefit Bulletin: January 2020
Your Survey Responses are Helping to Change Attitudes About Social Security By Rick Delaney, Chairman of the Board Over the past 25 years, Congress has periodically debated plans to fix Social Security’s financing, ...
This Really Happened — a 77% Social Security COLA!
By Mary Johnson, editor Social Security beneficiaries are receiving a cost-of-living adjustment of just 1.6% this year. For many, that won’t be enough to keep up with healthcare costs, let alone items like homeowners ...
Social Security Benefits Increase by Just 1.6% in 2020
Just as we forecast, the Social Security cost-of-living adjustment (COLA) for 2020 will be considerably lower than the 2.8 percent COLA received this year. The Social Security Administration recently announced that the ...
Social Security Benefits Estimated to Increase by 1.6% in 2020
By Mary Johnson, editor The Social Security cost-of-living adjustment (COLA) for 2020 will be announced October 10th and, according to the latest consumer price index data, it’s likely to be considerably low ...
Social Security COLA Drops to 1.6 Percent For 2020
(Washington, DC) The Social Security cost-of-living adjustment (COLA) for 2020 will be considerably lower than the 2.8 percent COLA received this year, according to a new estimate from The Senior Citizens League (TSCL). ...
Legislative Update: September 2019
What Could A COLA of No Less Than 3 Percent Mean For You? By Shannon Benton, Executive Director The Social Security cost-of-living adjustment (COLA) is provided to protect the buying power of Social Security bene ...