Reflecting on the Impact of a Zero COLA Increase
According to most media reports, the expected decision to not award a cost of living allowance (COLA) increase for seniors this year is largely the result of falling gas prices. From the perspective of current beneficiaries, though, the change in gas prices is of limited benefit, especially when weighed against the continually growing prices of food, housing, and medical care.
In an article titled “Seniors concerned as social security benefits stagnate,” Multimedia Journalist Kendra Whittle takes a look at the thoughts and concerns of seniors as they deal with the reality of a zero COLA increase. Read the article, posted on www.wgem.com, here…