SS Recipients Living On SS Will not get a COLA increase for 2 yrs
There friends on FB and personal friends that depend on Social Security because they are seniors or have a Disability. Every Year there has been a Cost Of Living Increase(COLA) on their check every January.
Well, for the next two years starting last January 2010, there would be no such increaese. Keep in Mind these are very modest increases, but for NYkers and others it helps them pay their yearly increase of rents.
I have here a letter that you can copy and paste and send to your Senators asking for a reconsideration on this issue. Good Luck!
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I just heard that next year Social Security recipients will not see a cost-of-living adjustment (COLA) to their payments. That is a troubling thought for the 41 million seniors whose financial security depends on the program. While overall inflation might not be rising in the United States, the daily costs for seniors are growing fast - especially on the things that seniors need most, such as health care and prescription drugs. The average senior spends $4,400 out of pocket every year on health care alone. Further, a depressed housing market, investment losses, and low returns on CD's and money market accounts make it even harder for seniors to recover from the recession. Now is the worst time for a lack of a COLA for Social Security. As your constituent, I would like you to work with your colleagues to ensure that seniors get the relief they need at this important time. Not only would this relief help seniors afford health care, prescription drugs, food and other basic necessities, but it will also inject money directly into the economy, because seniors are more likely to spend the money than any other age group. Thank you in advance for your support on this important issue. Please act quickly to remedy this problem of no Social Security COLA.
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