Q & A
How are Social Security annual increases calculated?
Answer: Some topics are a lot more controversial than others. But I was amazed when my October 1, 2014, article that correctly predicted next year’s 1.7% cost-of-living adjustment for Social Security benefits several weeks before the official announcement triggered more than 80 vehement responses.
Most of the posts on the Investment News website reflected strong political views and general distaste for Congress and President Barack Obama. Many expressed outrage that the average Social Security benefit increase of about $22 per month in 2015 is far too low for seniors facing growing expenses, including ever-higher medical costs. Read more…
Source: By Mary Beth Franklin, Investment News, 11/7/2014
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