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First Look at 2019 COLA projection
This article explains how the Social Security Administration calculates the yearly cost of living adjustment (COLA), which 62 million beneficiaries are slated to receive on January 1, 2019. While the announcement will not be official until early October, a number of researchers who study the COLA issue are suggesting it could be 3% or higher. Read more…
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the chained cola is a figment of some ivory tower economists and does not represent reality. If I recall correctly the Simpson-Bowles commission came up with a cure for the financial soundness for social security. Why wasn’t their suggestions adopted?
take those who have never contributed $0.01 to social security that are receiving social security and perhaps social security my break even or even a little extra
Perhaps if Congress stoppedborrow from the Socisl security funds or even paid back what they borrowed there would not be a problem. Or cut the lifetime medical coverage for out wonderful Congresspeople