Low inflation in the US means people receiving Social Security payments won't be given a cost-of-living increase for 2016, the government said. Advocates said the news is of particular concern because of rising Medicare premiums and reduced buying power for health care. Also affected are federal retirees, disabled veterans and people getting help under the federal disability program for people with low incomes. The decision affects more than 70 million Americans.
Friday, October 16, 2015
NO SOCIAL SECURITY COST OF LIVING INCREASE FOR 2016
Low inflation in the US means people receiving Social Security payments won't be given a cost-of-living increase for 2016, the government said. Advocates said the news is of particular concern because of rising Medicare premiums and reduced buying power for health care. Also affected are federal retirees, disabled veterans and people getting help under the federal disability program for people with low incomes. The decision affects more than 70 million Americans.
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