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Sep 17, 2010

No Social Security COLA This Year

It is not official yet but Bureau of Labor Statistics make it clear that there will be no Cost of Living Adjustment (COLA) to Social Security benefits this year. There was no COLA last year, either. This comes as no surprise to those of us who keep up with such things but will undoubtedly come as a rude shock to most of those drawing Social Security benefits.

There is an effort in Congress to give everyone on Social Security a special $250 check to make up for the lack of a COLA but there is no sign of progress on that bill.

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