Government says no benefit rise for Social Security next year

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Government says no benefit rise for Social Security next year - The government says there  is actually   zero  benefit increase  after that  year  pertaining to  millions  involving   societal   security  recipients, disabled veterans  AND ALSO  federal retirees.

It’s  only   your current  third  time frame   in  40  years   It   advantages   will  remain flat.  most  three times have come  because the  2010.

The main reason  with regard to   zero  increase  then  year  will be  low gas prices.

By law,  the  annual cost-of-living adjustment —  or maybe  COLA —  is usually   Based on   an  government measure  of  inflation.  your  government said Thursday  It  inflation  is actually  being pulled  down   by   down  gasoline prices.

The announcement  will certainly  affect  advantages   with regard to   more than  70  mil   anyone  — that’s  more than  one-fifth  of the  nation’s population.

The  total   incorporates  almost  62   thousand  retirees, disabled workers, spouses  AND  children  exactly who   consider   social   safety  benefits.