Social Security News for Senior Citizens

Social Security News

No Social Security COLA for senior citizens in 2016 appears certain as do Medicare hikes

social security card with coins on topMeans problems for Medicare: Part B premiums cannot increase for most , so minority has to bear burden of rising costs

Oct. 8, 2015 - It’s not official, but the experts seem to be in agreement that senior citizens will not get a cost-of-living adjustment (COLA) from Social Security for 2016. It will be just the third time in 40 years, according to an analysis by Alicia H. Munnell and Anqi Chen of the Boston College Center for Retirement Research.

 

Other key findings in the brief - No Social Security COLA Causes Medicare Flap - find trouble in Medicare with no COLA:

         No COLA means that Medicare Part B premiums cannot increase for most beneficiaries, so a minority has to bear the full burden of rising costs.

         Beyond this immediate flap, a broader issue is that Medicare premium growth is not fully captured by the inflation measure used to set the COLA.

         As a result, when Medicare premiums rise rapidly, older Americans cannot maintain their non-Medicare spending.

         In short, even the Social Security COLA does not fully insulate older households from the erosive impact of inflation.

     >> Download pdf copy of report.


The Center for Retirement Research regularly presents analysis on Social Security issues. Click Here to menu of past reports.


The Squared Away Blog has been added to the Retirement Section of SeniorJournal.com. It will regularly provide a menu of choices including all the recent blogs by Kim Blanton that link to the Center for Retirement Research at Boston College.

 

Related Social Security News from Senior Journal Archives

 

More at Social Security Section Page

 

 

 

 

 

Follow on  and 

 

Financial Relief for Volkswagen Diesel Owners

You may be eligible for money damages if you owned or leased one of these VW, Porsche or Audi vehicles.

In the major scandal of 2015, Volkswagen cheated you and the world. They rigged diesel emission controls so you, nor regulators, would know how much pollution their cars were adding to our environment.

They were caught and have reserved $7.3 billion to help "make it right" with victims.

If you owned or leased one of these vehicles, contact us now.

 Beth Janicek, Board Certified Personal Injury Attorney Janicek Law attorneys are actively pursuing these cases against VW. Do Not Wait...

Janicek Law Firm, PC

Free Consultation

(Call toll free)

1-877-795-3425 or Email

Vehicles Involved

VW Jetta (2009–2015)

VW Jetta SportWagen (2009–2014)

VW Golf (2010-2015)

VW Golf SportWagen (2015)

VW Beetle (2012–2015)

VW Passat (2012-2015)

Audi A3 (2010-2015)

VW Touareg (2009–2016)

Porsche Cayenne (2015)

Audi A6, A7, A8, Q5 Quattro (2016)

 

Keep up with the latest news for senior citizens


Click to More Senior News on the Front Page

Copyright: SeniorJournal.com