(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) ...
Category: Cost of Living Adjustment (COLA) Articles
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 ...
Another Record Low Social Security Cost-of-Living Adjustment Is Forecast
By Mary Johnson, editor What would you do with a 0.9% cost-of-living adjustment (COLA)? That’s right, a COLA of less than 1%. If you receive an average Social Security benefit of $1,240 per month, your benefit would g ...
Could We Have Another Year Without A COLA? Maybe.
By Mary Johnson, Editor After receiving no annual cost-of-living adjustment (COLA) this year, many people who depend on Social Security are experiencing greater difficulties affording rising Medicare and other rising ...
It’s NOT Too Late For An Emergency COLA
Two months into the New Year, seniors, veterans, and other retirees still haven’t received any cost-of-living adjustment (COLA) for 2016. For the third time in only 7 years, more than 70 million people are going without ...
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