Monday, August 24, 2009

 

Millions Face Shrinking Social Security Payments

Millions of older people face shrinking Social Security checks next year, the first time in a generation that payments would not rise. The trustees who oversee Social Security are projecting there won't be a cost of living adjustment (COLA) for the next two years. That hasn't happened since automatic increases were adopted in 1975.

Millions Face Shrinking Social Security Payments
Source: USA Today

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