Besides the unemployed, nobody is getting hurt worse in this economy than seniors. Prices on many commodities are skyrocketing, but the Consumer Price Index, which is the yardstick used to adjust Social Security for inflation,…
There will be no cost-of-living adjustment in Social Security payments for 2011, the second straight year without an increase.
The Social Security Administration said today that inflation is too low to justify a boost. The decision will affect more than 58 million retirees and disabled Americans.
“We’re a little bit upset because our bills are going up and our Social Security…
Continue reading Social Security Administration Says No Cost of Living Adjustment in 2011
Social Security Administration Says No Cost of Living Adjustment in 2011 originally appeared on DailyFinance on Fri, 15 Oct 2010 08:58:00.