Social Security Will Not Get Cost of Living Adjustment in 2016

People on Social Security “benefits” will not see a cost-of-living increase in 2016. This is only the third time since 1975 that this has happened, and Social Security recipients are not happy about it for obvious reasons: The annual cost of living adjustment, or COLA, is based on the government’s measure of inflation. This year’s […]

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Social Security in Bigger Trouble Than We Thought

The Social Security Administration has been releasing heavily biased and overly optimistic numbers for about fifteen years, according to a new report by Harvard and Dartmouth: According to the report, the SSA’s actuarial projections in the 1980s underestimated revenues and overestimated costs by $27 billion; in the 1990s, that figure was $200 billion. Now, in […]

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