cost of living adjustment

How Inflation Will Cut Your Taxes in 2014

When it comes to taxes, inflation's bite need not be too painful: The government makes adjustments to reflect the higher cost of living. Here's what you'll save in 2014.

GOP Issues New 'Fiscal Cliff' Offer to Obama

House Republicans on Monday proposed a new 10-year, $2.2 trillion blueprint to President Barack Obama that calls for increasing the eligibility age for Medicare and lowering cost-of-living hikes for Social Security benefits.

10 Things You Must Know About Social Security

Many Americans will make Social Security the bedrock of their retirement plan, but there's more to the benefit than having a birthday and signing up to get your checks. Here are 10 essentials you need to know to get all the money you're entitled to out of the Social Security system.

Social Security Benefits to Rise by 1.7% on Low Inflation

More than 56 million Social Security recipients will see their monthly payments go up by 1.7% next year, one of the smallest increases since automatic adjustments were adopted in 1975. The cost-of-living adjustment is linked to inflation, which has been relatively low over the past year.

Squeezing Seniors: Social Security Stays Flat as Prices Rise

Besides the unemployed, nobody is getting hurt worse in this economy than seniors. Prices on many commodities are skyrocketing, but the Consumer Price Index, which is the yardstick used to adjust Social Security for inflation, is virtually unchanged.

Social Security Administration Says No Cost of Living Adjustment in 2011

There will be no cost-of-living increase in social security payments for 2011, the second straight year without an increase. The Social Security Administration said today that inflation is too low to justify an increase, The Associated Press reported. The decision will affect more than 58 million retirees and disabled Americans.