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+--- Thread: Why is it Social Security recipients must wait until January? (/thread-44096.html)
Why is it Social Security recipients must wait until January? - melodicLover175 - 11-19-2012 02:47 AM
when the cost of living is so high now and we can't make ends meet?
- Tony - 11-19-2012 02:55 AM
Social Security recipients may receive a 3.5 percent cost-of-living adjustment, or COLA, in 2012. That would be the first increase in benefits in two years. The COLA is determined each year by the increase, if any, in the third-quarter consumer price index over the index level a year earlier. Final calculations can only be made when September data is released on October 19, so the 3.5 percent estimate is based on August data, released on September 15, and on July data.
- 4n0nym0u5 - 11-19-2012 02:55 AM
Tea Party super-congress and the republicans in skin coats doing the voodoo dance over the myth of the balanced budget and the free-market fairy-spirit, I'm afraid. And you are a mere prole who got caught up in the middle of this tragic vicious cycle.