Msg. 45288 of 65535 (This msg. is a reply to
45287 by
clo)
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Bad news for working Americans: in January, Social Security recipients will get their first cost-of-living increase since 2009. The boost is expected to be about 3.5 percent. There were no cost-of-living adjustments in the past two years due to low inflation rates—even though, over the same period, many working Americans saw their home values plummet and their retirement savings dry up.
The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence
Good news for retirees: in January, Social Security recipients will get their first cost-of-living increase since 2009. The boost is expected to be about 3.5 percent. There were no cost-of-living adjustments in the past two years due to low inflation rates—even though, over the same period, many recipients of Social Security saw their home values plummet and their retirement savings dry up.
Read it at Associated Press
October 18, 2011 1:27 PM
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