Sunday, August 23, 2009

Peak Oil Impacts: "Millions face shrinking Social Security payments," By Stephen Ohlemacher, Associated Press, August 23, 2009

"Millions of older people face shrinking Social Security checks next year, the first time in a generation that payments would not rise.

The trustees who oversee Social Security are projecting there won't be a cost of living adjustment (COLA) for the next two years. That hasn't happened since automatic increases were adopted in 1975."


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