• 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 the growing costs you experience.  Two factors are to blame; the choice of a consumer price index used to calculate ...
  • 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 think that a higher cost-of-living adjustment in 2019, combined with relatively low inflation, would lead to an improvement of buying power ...
  • 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 Representatives.  For years, lawmakers have tended to focus almost exclusively on how to cut Social Security benefits, and by how much.  In recent ...
  • “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 percentage point.  This comes even as the costs of goods and services used by retirees are shooting upward according ...
  • 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 October of last year, consumer price index data indicate that growth in inflation has stalled.  In fact, if the current trend continues, ...
  • 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 percent more to fill their home-heating fuel tanks this winter than last,” says The Senior Citizens League’s Social Security policy ...
  • 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 (COLA) effective January 1, 2019.  That’s the highest COLA since 2012, and higher than many recent retirees have ever seen.  Since 2013, COLAs have ...
  • 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 11th, recent CPI data indicates that next year’s Social Security COLA will be about 3.3%.  What’s more, Medicare Trustees have ...
  • 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 the federal deficit over the next 10 years.  To make matters worse, the Social Security trustees recently reported program financing has eroded, and ...
  • 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 buying power recorded since 2012, and that was the biggest loss that The Senior Citizens League’s study has recorded ...

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