Oct 26, 2015
The Social Security Administration (SSA) says seniors will receive no Cost-of-Living Adjustment to their monthly checks next year. It’s because the SSA uses the Consumer Price Index for Urban Wage Earners and Clerical Workers to determine how much inflation retirees face.
Say what?! Yes, and active workers are supposedly saving money due to lower gasoline prices – so that means retirees get no Social Security increase. Never mind that retirees, who don’t drive nearly as much as active workers, are facing skyrocketing Medicare costs. Social Security checks have risen 43 percent since 2000, while Medicare Part B premiums have gone up by 131 percent in that time.
Sounds like the government has found a sure-fire way to reduce the ability for the elderly to pay for medical care just when they need it the most. That’s one way to cut the Social Security and Medicare rolls in one fell swoop!