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 ...
Category: Cost of Living Adjustment (COLA) Articles
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 ...
Our Government Thinks Your Cost-of-Living Is Lower This Year — Is It Really?
Mary Johnson, Editor After getting a 2.8% cost-of-living adjustment (COLA) this year — the highest since 2012 — the COLA for next year could be closer to 1.6%. Earlier this year, the cost of gasoline and oil dragged ...
How the Government Measures Inflation Can Mean Bad News For Your COLA
Mary Johnson, editor When it comes to the Social Security cost-of-living adjustments (COLAs) many, if not most, of you say that you feel the government is cooking the inflation data. The COLA seldom seems to reflect ...
Social Security Benefits Lose 33% of Buying Power Since 2000
(Washington, DC) Social Security benefits have lost 33 percent of buying power since 2000, according to the latest Social Security Loss of Buying Power Study released today by The Senior Citizens League. “One would thi ...
Social Security Expansion Gets New Attention in US House
The idea that Social Security benefits should be modestly boosted, with an across-the-board benefit increase and a more generous cost-of-living (COLA) adjustment, is getting some serious attention in the U.S. House of Re ...
“Senior CPI” Would Provide More Adequate Social Security COLA Next Year
By Mary Johnson, editor This may be difficult to believe, but consumer price index data suggests that the annual Social Security cost-of-living adjustment (COLA) for 2020 could be close to zero next year — a mere 0.5 ...