• Benefit Bulletin: January 2020 Your Survey Responses are Helping to Change Attitudes About Social Security By Rick Delaney, Chairman of the Board Over the past 25 years, Congress has periodically debated plans to fix Social Security’s financing, that rely heavily on benefit cuts.  But for the first time in 2019 and 2020, Congress is considering a plan to strengthen Social Security ...
  • This Really Happened — a 77% Social Security COLA! 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 and auto insurance or rising real estate taxes.  That leaves retirees digging deeper into savings — if they have any, or — ...
  • 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 2020 COLA will be 1.6 %.  That would raise an average retiree benefit of $1,460 by about $23.40 per month — far less ...
  • 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 lower than the COLA received this year which raised benefits 2.8%.  The government’s consumer price index data indicates that inflation has fallen, and, that COLA ...
  • 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).  “The government’s consumer price index data for August indicates that COLA recipients can expect to get a benefit boost of about 1.6 ...
  • 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 benefits from rising prices.  Yet for almost a decade, retirees have had to manage their household budgets despite COLAs that have been ...
  • 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 down the consumer price index used to calculate the annual COLA — but other goods and services which ...
  • 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 ...

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