(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 ...
Category: Cost of Living Adjustment (COLA) Articles
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 ...
COLA for 2020 May Be Zero. No, This is Not Normal!
At 2.8%, the annual cost-of-living adjustment (COLA) that Social Security beneficiaries received in 2019 was the highest in seven years. The average monthly retiree benefit of $1,425 increased by almost $40, but since O ...
Retirees’ Secret Christmas Wish — Keeping Warm This Winter Home Heating Costs 26.2% More for the 2018–2019 Season New List of Rising Retiree Costs From The Senior Citizens League
(Washington, DC) Gift certificates for home-heating oil are likely to be among the most appreciated gift you can give this holiday, says The Senior Citizens League. “That’s because it will cost many Americans roughly 26 ...
Retirees to Get Highest COLA in 7 Years
Retirees will finally start to see more money in their Social Security benefits next year, after years of record low inflation. The Social Security Administration recently announced a 2.8% cost-of-living adjustment (COL ...
Will The Next COLA Finally Raise Your Social Security Benefit?
It’s a situation that many retirees haven’t seen since 2012. A noticeable boost to net Social Security benefits is expected for 2019. While the annual cost of living adjustment (COLA) won’t be announced until October 1 ...
What’s At Stake for Social Security Benefits In the Upcoming Election?
Mary Johnson, editor Voters are worried about the impact that midterm elections could have on Social Security benefits. The U.S. Congressional Budget Office estimates that recent tax reform will add $1.8 trillion to ...
Social Security Benefits Lose 34% of Buying Power Since 2000, 2019 COLA Could Top 3.3%
Social Security benefits have lost 34 percent of buying power since 2000, according to the 2018 Social Security Loss of Buying Power Study recently released by The Senior Citizens League. This is the biggest loss of buy ...
Is Your Social Security Benefit Keeping Up With Rising Costs? Probably Not
About half of participants in TSCL’s 2018 Senior Survey confirm that, after the deduction for their rising Medicare Part B premiums in 2018, they were left with no boost to their net Social Security benefit, or one that ...