Blog posts by category: Social Security
Category: Social Security
Posted by McKinzie Brantley on Sat, Oct 17, 2009 at 5:25 PMBad news, good news
Sometimes bad news is good news. It was recently announced that there would be no Cost of Living Increase (COLA) for the 50 million people receiving Social Security, including people with disabilties who are enrolled in SSI or SSDI programs.
The good news is the reason why: The federal goverment has calculated that annual "cost-of-living" expenses have decreased about 2 percent. So there's no need for an increase.
Elsewhere regarding Social Security, President Obama announced that he supported another $250 economic stimulus payment to veterans, seniors and people with disabilities who are stuggling financially during the recession. The payments would be similar to the checks mailed in May and would amount to a 2 percent increase for the average Social Security recipient.
