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.
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