After receiving no cost-of-living adjustment (COLA) this year, Social Security beneficiaries will finally receive a raise effective January 1st. But the increase in benefits is so small, it will be the lowest payable CO ...
Category: Cost of Living Adjustment (COLA) Articles
2017 COLA Announcement
(Washington, DC) –Today’s announcement of a 0.3 percent cost - of - living adjustment (COLA) is another major disappointment to the 60 million people who depend on Social Security, says The Senior Citizens League (TSCL.) ...
2017 COLA Forecast
(Washington, DC) – After no annual cost of living adjustment (COLA) this year, older Americans are likely to get a boost for 2017. But the increase will be so small that it will be the lowest ever paid, according to a n ...
Older Americans Lose 23% Of Buying Power
(Washington, DC) – Low inflation in recent years may be helping younger workers cut costs at the gas pump, but it isn’t translating into lower costs for older and retired Americans, says The Senior Citizens League (TSCL) ...
Low COLA To Trigger Medicare Part B Premium Spike
(Washington, DC) – New consumer price index data through August confirm that Medicare Part B premiums will spike next year due to an extremely low cost – of – living adjustment (COLA), according to a new estimate by The ...
Why Seniors Need A Better Benefit Boost
The annual Social Security cost-of-living adjustment (COLA) is about to set another record low. According to estimates by TSCL’s COLA expert and Advisor editor Mary Johnson, the COLA may be just three tenths of a percen ...
“Senior CPI” COLA Might Be 7 Times Higher Than Actual 2017 COLA
(Washington, DC) – How fair is the annual Social Security cost - of - living adjustment (COLA)? Not fair enough, according to estimates released today by The Senior Citizens League (TSCL). “If the annual COLA were calcul ...
Social Security Benefits Lose 23% of Buying Power
Rising household costs and record low cost-of-living adjustments (COLAs) in recent years are eroding the buying power of more than 57 million Social Security recipients. In fact, Social Security benefits have lost 23% o ...
What Was The Fastest Growing Retiree Cost In 2015? Hint: Not Prescriptions!
Older Americans are going without a cost-of-living adjustment (COLA) in 2016 due to lower inflation last year, but lower inflation didn’t translate into lower household expenses for retirees in 2015. In fact, nearly 1,20 ...
Social Security Recipients Need Better Benefit Boost
(Washington, DC) –A majority of older voters think Social Security should be strengthened, but are opposed to cutting benefits, says a national survey by The Senior Citizens League (TSCL). The new national survey found t ...
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