Increased benefits: Don’t get excited

News

Increased benefits: Don’t get excited

Medicare premiums likely to wipe out cost-of-living adjustment in 2013
Janice Durflinger, at her workplace in Lincoln, Neb., says the expected cost-of-living adjustment this year for Social Security of between 1 and 2 percent is not keeping up pace with food, utility and health costs. The 56 million people who get Social Security benefits shouldn’t expect a big increase in their monthly payments next year. The adjustment is determined by a government measure of inflation, and the measure shows that consumer prices have barely increased over the past year.
On the Net

Social Security COLA: http://www.ssa.gov/cola/

Increased benefits: Don’t get excited

Janice Durflinger, at her workplace in Lincoln, Neb., says the expected cost-of-living adjustment this year for Social Security of between 1 and 2 percent is not keeping up pace with food, utility and health costs. The 56 million people who get Social Security benefits shouldn’t expect a big increase in their monthly payments next year. The adjustment is determined by a government measure of inflation, and the measure shows that consumer prices have barely increased over the past year.
Reader Comments
click here to add your event
Durango ~ Events
click here to add your event
Durango ~ Events