No Negative COLA
From the Wall Street Journal:
This year, we are likely to experience very low inflation or deflation, which got me wondering how Social Security benefits are adjusted in such an environment. ...
If there is deflation, Social Security benefits won't be cut, Mr. [Mark]Lassiter [a spokesperson for Social Security] says.
I am glad to see some definite word on this. I was not expecting a negative adjustment, but the statute is not crystal clear on the point.
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