Social Security Will Not Get Cost of Living Adjustment in 2016

People on Social Security “benefits” will not see a cost-of-living increase in 2016. This is only the third time since 1975 that this has happened, and Social Security recipients are not happy about it for obvious reasons: The annual cost of living adjustment, or COLA, is based on the government’s measure of inflation. This year’s lack of COLA has Social Security beneficiaries worried. “It’s terrible the way they’re doing old people that have worked all their lives and are barely getting Read more […]