3 Stories

Bad News for 1 in 5 Americans: No COLA Next Year

And you can blame low gas prices

(Newser) - For just the third time in 40 years, millions of Social Security recipients, disabled veterans, and federal retirees can expect no increase in benefits next year, unwelcome news for more than one-fifth of the nation's population. They can blame low gas prices. By law, the annual cost-of-living adjustment, or... More »

Social Security Checks Get 3.6% Bump

Raise is first since 2009

(Newser) - Social Security recipients will get something in January they used to get every year: a raise. The 3.6% boost, which is tied to the government's official inflation measure released today, will be the program's first cost-of-living adjustment since 2009. That's because inflation has been so low... More »

Social Security's 2.3% Hike Most Stingy Since '04

Increases don't keep up with rising medical costs, critics say

(Newser) - Social Security benefits will rise 2.3% in 2008—or an average of $24 monthly—netting the 54 million recipients their smallest increase in four years. The cost of living adjustment, now $1,079 per month for the average retiree, is based on the third-quarter change in consumer prices, the... More »

3 Stories