Join Early Retirement Today
Closed Thread
Thread Tools Search this Thread Display Modes
SS COLA may be a thing of the past for a while
Old 04-02-2009, 02:11 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 5,664
SS COLA may be a thing of the past for a while

I suppose that this is to be expected. I'm not a SS recipient yet, but this may in effect be a way to stretch the SS fund a bit farther. Or am I off base with that comment?

The recession is projected to wipe out annual cost-of-living increases for 50 million Social Security beneficiaries for the next three years, something that hasn't happened since automatic adjustments were adopted in 1975.

The Congressional Budget Office says in its latest budget estimates that inflation will dip so low that Social Security recipients will not qualify for annual increases in 2010, or for two years after that. In 2013 through 2019 -- when projections are less reliable -- CBO estimates annual increases of 2 percent each year, which would be among the lowest.

Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline  
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-02-2009, 02:17 PM   #2
ziggy29's Avatar
Join Date: Oct 2005
Location: Texas
Posts: 15,419
Since there's already discussion on this topic in another forum I'll link it here and lock this one. Continue discussing here:

Low Inflation = Social Security projected to have no COLA's for next 3 years
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
ziggy29 is offline  
Closed Thread

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
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
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
So what has your learnt from the past month? DangerMouse FIRE and Money 94 10-31-2008 05:07 AM
Items from our past-SEARCH crazy connie Other topics 12 04-07-2007 07:23 PM
Are 35mm camera's becoming a thing of the past My Dream Other topics 39 02-09-2007 06:22 AM
Tales of Christmas past... REWahoo Other topics 6 12-27-2006 10:41 AM
Homeowners Own Less Than In The Past REWahoo FIRE and Money 4 08-08-2005 06:02 AM


All times are GMT -6. The time now is 03:45 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.