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.
Posted by
Clifford J. Wirth, Ph.D., Professor Emeritus, University of New Hampshire
at
Sunday, August 23, 2009
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Labels:
economy,
inflation,
social security
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