Sorry Grandma, No COLA for You
For the first time in 34 years, Social Security beneficiaries will not get a benefit boost from a cost-of-living adjustment. Falling energy prices, in particular, should keep seniors flush with their monthly average $1,094 checks. So what if their health care costs have gone up by a third?
For the first time in 34 years, Social Security beneficiaries will not get a benefit boost from a cost-of-living adjustment. Falling energy prices, in particular, should keep seniors flush with their monthly average $1,094 checks. So what if their health care costs have gone up by a third?
President Barack Obama and his allies in Congress hope to send beneficiaries another $250 check to help stimulate the economy and their well-being. — PZS
Rock Solid JournalismThe Associated Press:
The Obama administration, meanwhile, is pursuing a different way to boost recipients’ income. On Wednesday, President Barack Obama called for a second round of $250 stimulus payments for seniors, veterans, retired railroad workers and people with disabilities.
The payments would match the ones issued to seniors earlier this year as part of the government’s economic recovery package. The payments would be equal to about a 2 percent increase for the average Social Security recipient.
In 2026, amid chaos and the nonstop flurry of headlines, Truthdig remains independent, fact-based and focused on exposing what power tries to hide.
Support Independent Journalism.
Editorial Cartoons
Editorial Cartoons
TD Column
In a healthy party, losers get jettisoned and new leaders are given the reins.
Editorial Cartoons
Health & Wellness
The betrayal of trust by the institutions meant to protect Flint’s residents has made them cautious as they look to the future.
TD Original
Reflecting on the systems that maintain racism and separatism in America.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.