The Traverse City Record Eagle: No COLA Increase Should Infuriate and Energize Seniors

The Traverse City Record Eagle: No COLA Increase Should Infuriate and Energize Seniors

About 65 million seniors were informed on Oct. 15 that there would be no Social Security annual cost of living adjustment (COLA) for 2016.

Many who depend on their Social Security check for the majority of their monthly income are disconcerted, to say the least. This is the third time in the last decade that there hasn’t been a COLA increase due to an antiquated formula used to calculate the consumer price index which in turn determines if there is inflation.

Read more

Topics: News

Posted by

Truveris Team