Social Security COLA
Despite a narrow brush with a new reduction to Social Security benefits, seniors will not see the proposed move to a more conservative cost-of-living adjustment, or COLA, in 2014.
President Barack Obama’s announcement on February 2 that he was scrapping the earlier proposal preserves the status quo for seniors — for now. The grand budget compromise it was supposed to prompt did not materialize.
The back and forth on COLAs, however, is not resolved. It is deeply linked to larger issues of what we mean when we talk about inflation and expenses for the elderly. Let’s look at the landscape, as it stands, and what hasn’t yet been addressed when it comes to COLAs and seniors’ costs. Learn more http://ow.ly/uH0a9
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