Labor & Economic News Blog
Wednesday, October 14, 2009
Case For a Social Security Cost-Of-Living Adjustment in 2010 Is Weak
Case For a Social Security Cost-Of-Living Adjustment in 2010 Is WeakUnder current law, there will be no cost-of-living adjustment (COLA) in Social Security in 2010 — the first time that has happened since automatic cost-of-living adjustments began in 1975. Several bills before Congress would grant a special increase in Social Security payments for 2010. The inflation data, however, do not support an increase: overall consumer prices have fallen significantly in the past year and are not expected to return to their earlier peak until …
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