October 13, 2015

No growth for Social Security in 2016

Huffington Post

On October 15, the Social Security Administration will announce some news that will be distressing to more than one in four households: there will be no Social Security cost of living adjustment ("COLA") for 2016. This is no small matter. The purpose of the annual adjustments is to ensure that Social Security's benefits don't lose value over time. They are intended to keep seniors and other beneficiaries afloat, to allow them to tread water. But they are not floating; they are sinking.

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