The Senior Citizens League (TSCL) Warns of Low 2015 Cost of Living Adjustment
PR Web |
According to a recent national survey by TSCL, the majority of
Since 2010 COLAs have been at record lows, averaging just 1.4%. That's less than half the 3% average during the decade prior to 2010.
Methodological changes that the government has made to how it calculates consumer prices in the late 1990s have resulted in lowering the measured rate of inflation by about 7% according to the
That proposal may come under debate soon. The Social Security Trustees also forecast that the
1. Research shows that the current Social Security COLA does not accurately represent the inflation that seniors experience. Do you support basing the COLA on an index specifically for the elderly?
2. Older Americans have lost more than 30% of their purchasing power since 2000. What is your position on using the "chained" CPI for the calculation of COLAs, which would reduce the measured rate of inflation?
3. The Social Security Trustees project that the
To learn how COLA cuts could affect your retirement income, try TSCL's chained COLA calculator. Visit TSCL's website at http://www.SeniorsLeague.org.
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With about 1 million supporters,
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