Political Forums  

Go Back   Political Forums > Economy

We appreciate your help

in keeping this site going.
Reply
 
Thread Tools Display Modes
  #1  
Old 07-29-2015, 01:09 PM
Tom Joad's Avatar
Tom Joad Tom Joad is offline
Persona non grata
 
Join Date: Oct 2013
Posts: 12,654
No Cola For You!

And in an election year!

Good news for Republicans.

They'll blame it on the Democrats even though it's them that wants to cut the formula for future Social Security Colas.

http://blog.aarp.org/2015/07/24/2016...ont-bet-on-it/

Quote:
Nearly 60 million Social Security recipients will probably not get a cost-of-living increase next year, according to projections in the 2015 Social Security and Medicare trustees reports.

iStock_000008687939LargeThis would be the third time Social Security beneficiaries have gone without a cost-of-living adjustment (COLA) since 1975, when automatic raises were put into place. The COLA this year was 1.7 percent, making the average monthly check for retired workers $1,334 as of May.

Increases in benefits are tied to the third-quarter average inflation rate compared to the same period the previous year. Inflation has been virtually flat in 2015, due to the crash in oil prices, says Michael Kitces, director of research with Pinnacle Advisory Group in Columbia, Md.
__________________
"The enemy of my enemy is my friend."
Reply With Quote
  #2  
Old 07-29-2015, 02:52 PM
Boreas's Avatar
Boreas Boreas is offline
Senior Member
 
Join Date: Nov 2009
Location: Sonoma County, CA
Posts: 20,496
Oh, well!
__________________
Smoke me a kipper. I'll be back for breakfast.
Reply With Quote
  #3  
Old 07-29-2015, 03:38 PM
Tom Joad's Avatar
Tom Joad Tom Joad is offline
Persona non grata
 
Join Date: Oct 2013
Posts: 12,654
Quote:
Originally Posted by Boreas View Post
Oh, well!
The government says there's no inflation, so it must be true.
__________________
"The enemy of my enemy is my friend."
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 04:19 AM.



Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.