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."
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.