Latest News
Social Security Recipients Losing Ground to Inflation
A recent survey conducted by The Senior Citizens League concluded that, since 2000, seniors have lost a substantial portion of the buying power afforded to them through cost of living (COLA) increases. Specifically, the survey reports that while COLA adjustments have increased benefits 43% since 2000, typical expenses have jumped 74% during this same period. With no COLA increase projected for 2016, the harmful effect on seniors is likely to worsen, the survey concludes. Read more about it here…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.