WASHINGTON (AP) President Barack Obama called on Congress Wednesday to approve $250 payments to more than 50 million seniors to make up for no increase in Social Security next year.
The White House put the cost at $13 billion. The Social Security Administration is scheduled to announce Thursday that there will be no cost of living increase next year. By law, increases are pegged to inflation, which has been negative this year.
WASHINGTON — Social Security recipients won't get a cost-of-living increase next year for the first time in more than a third of a century, and that could boost.
WASHINGTON — The announcement that Social Security recipients won't get a cost-of-living increase next year could boost President Barack Obama's plan to send seniors another round of $250 payments before the congressional elections.
WASHINGTON (AP) - There will be no cost of living increase for more than 50 million Social Security recipients next year, the first year without a raise since automatic adjustments were adopted in 1975. Blame falling consumer prices.
There will be no cost of living increase for more than 50 million Social Security recipients next year, the first year without a raise since automatic adjustments were adopted in 1975, the government announced Thursday. Blame falling consumer prices.
President Barack Obama called on Congress Wednesday to approve $250 payments to more than 50 million seniors to make up for no increase in Social Security next year. The White House put the cost at $13 billion.
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