Social Security COLA going up only 1.5%, smallest increase in 38 years

4 Nov
Associated Press October 30, 2013 The logo of the Social Security Administration Social Security benefits for nearly 58 million people will rise only 1.5 percent next year, among the smallest increase since automatic adjustments were adopted in 1975, the government announced Wednesday. The cost-of-living adjustment, or COLA, is based on a government measure of inflation that was released Wednesday. The increase was small because consumer prices, as measured by the government, haven’t gone up much in the past year. Read more This article was posted: Wednesday, October 30, 2013 at 11:29 am Tags: domestic news , economics Print this page. Infowars

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