It's Official: No Social Security Increase

Older Americans had dreaded hearing the news for months -- and today the government made it official: For the first time since 1975, there will be no cost-of-living adjustment, or COLA, for Americans receiving Social Security checks next year. Under the law, Social Security payments are supposed to increase annually if U.S. consumer prices increase. But over the past 12 months, prices have declined. Specifically, the CPI-W -- the price index upon which Social Security adjustments are based --...Full Story
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