No COLA for 65 million retirees and other Social Security recipients in 2016
"The reason? A decline in inflation caused by falling gas prices."
"The problem for seniors is that the way the government measures inflation simply doesn't reflect how people on Social Security spend.
"Seniors don't benefit as much from lower gas prices as the average American worker because most are no longer driving to and from work. Medical costs have also increased faster than overall inflation, and a greater percentage of seniors' spending is on health care.
"A study by the Senior Citizens League found that Social Security benefits have lost about 22% of their buying power since 2000, despite the benefit increases due to the COLA.
The typical retiree's benefit is about $1,300 a month, so last year's increase meant a $22 a month raise."
Story at http://money.cnn.com/2015/10/15/reti...benefits-cola/
The US government refuses to take care of its senior citizens who have paid taxes all their lives but has trillions of $$$ to dole out to defense contractors, Israel, Egypt and other parasite nations receiving "foreign aid" from taxes extorted from hard working Mr. & Mrs. American.
War is a racket.
