2ND YEAR OF NO COST OF LIVING RAISE FOR SENIORS, BUT..

iVillage Member
Registered: 12-15-2009
2ND YEAR OF NO COST OF LIVING RAISE FOR SENIORS, BUT..
15
Tue, 10-12-2010 - 1:13pm

No COLA for Seniors – Welcome to the club
The Silent Majority ^

Exerpt:

Boca RATON, Fla. – Seniors prepared to cut back on everything from food to charitable donations to whiskey as word spread Monday that they will have to wait until at least 2012 to see their Social Security checks increase.

The government is expected to announce this week that more than 58 million Social Security recipients will go through a second straight year without an increase in monthly benefits. This year was the first without an increase since automatic adjustments for inflation started in 1975.

“I think it’s disgusting,” said Paul McNeil, 69, a retired state worker from Warwick, R.I., who said his food and utility costs have gone up, but his income has not. He lamented decisions by lawmakers that he said do not favor seniors...

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iVillage Member
Registered: 10-08-2010

It is my understanding that the "cost of living" adjustments for social security are based on a formula that was established in the 70's.

iVillage Member
Registered: 02-15-2007

iVillage Member
Registered: 12-15-2009

iVillage Member
Registered: 02-15-2007

iVillage Member
Registered: 12-15-2009

iVillage Member
Registered: 09-02-2009
I have quite a few Muslim students and have met most of their parents - they are wonderful people and not terrorists. It is unfair to paint all Muslims with the same brush.
iVillage Member
Registered: 02-15-2007

iVillage Member
Registered: 03-26-2003

Does anyone else remember folks felt the same way about Catholicism? Heck, there were those who worried that Kennedy was going to defer to the Pope as President?

Sandy
iVillage Member
Registered: 12-15-2009

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iVillage Member
Registered: 12-15-2009

Tom, didn't any of the information above penetrate?

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