• 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 ...
  • “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 ...

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