Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
Social Security Cost-Of-Living Adjustment Expected To Be Lowest Ever: Just 0.3%
I know people have short memories, but this headline is ridiculous.
US News, writing about 2016 SS benefits:
No payment increase. This is the third time there has been no Social Security payment increase since automatic cost-of-living adjustments began in 1975. There was also no increase in payments in 2010 and 2011
Comments
US News, writing about 2016 SS benefits: Emphasis in original. http://money.usnews.com/money/blogs/planning-to-retire/2015/10/15/7-ways-social-security-will-change-in-2016
CNN reported that the increase will be "by far the the smallest percentage increase of any year in which benefits did rise." Not the lowest ever.
http://money.cnn.com/2016/10/11/retirement/social-security-benefits/