Social Security, Inflation and the COLA Disappearing Act by ProQuest


A recent analysis by the Kaiser Family Foundation states that "at a time of great economic uncertainty, with many seniors experiencing a significant decline in their retirement savings, and with nearly two-thirds relying on Social Security for at least half of their income, the projected absence of a COLA in the coming years could represent an added hardship for many recipients." The Kaiser Family Foundation analysis notes that "with attention increasingly focused on Medicare and Social Security entitlement spending, this issue underscores some of the difficult tradeoffs involved in trying to protect seniors' incomes, particularly during a recession, without compounding the fiscal challenges facing Medicare, Social Security and the federal budget."

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