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Social Security COLAs Lead to Income-Expense Gap for Seniors
Over the past five years, annual COLA calculations have attributed to a widening gap between income and expenses for America’s seniors, according to a survey by The Senior Citizens League (TSCL). “One would think that the CPI used to calculate COLAs for retirees would be based on the spending patterns of older people, but it is not,” says Mary Johnson, TSCL’s Social Security and Medicare policy analyst. Read her analysis of the situation, posted on www.foxbusiness.com, here…
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