cost of living adjustment

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.

There will be no cost-of-living adjustment 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 a boost. The decision will affect more than 58 million retirees and disabled Americans....

The Social Security Administration announced Thursday that there will not be a cost-of-living adjustment (COLA) next year -- marking the first year since 1975 that Social Security recipients have not had an annual increase. For 34 years, retirees have probably viewed the yearly COLA as their...

For 50 million Americans currently collecting Social Security, the news that they will receive no yearly cost-of-living adjustment this year for the first time since the COLA was added to the program in 1975 is distressing. However, is it unfair? The COLA is based on the Bureau of Labor...

If investors need another sign of the changed economic landscape, they need look no further than Social Security. For the first time in more than three decades Social Security recipients will not receive a benefit increase, formally known as a cost of living adjustment (COLA), in 2010, federal...