2010 Will NOT Have a Cost of Living Adjustment
The Social Security Administration announced Social Security and Supplemental Security income benefits will not increase in 2010 for a cost of living adjustment (COLA).
2010 is the first time an automatic adjustment is not being made since COLA went into effect in 1975. This follows 2008's 5.8% COLA increase, the highest since 1982, due to a spike in consumer prices.
The fall in consumer prices has precipitated the lack of adjustment for 2010 and affects more than 57 million Americans.
For more information visit our website at www.tld-inc.com or call (319) 339-4884 or see this link http://www.ssa.gov/pressoffice/pr/2010cola-pr.htm.
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