retirement pay: Social Security recipients homes at Risk
- 10/26/09 08:18 AM
I just heard that next year Social Security recipients would not see a cost-of-living adjustment (COLA) to their payments. That is a troubling thought for the 41 million seniors whose financial security depends on the program. Some depend on their COLA payments to pay on their mortgage or equity line of credit to keep their homes while paying for other essential necessities. While overall inflation might not be rising in the United States, the daily costs for seniors are growing fast - especially on the things that seniors need most, such as health care and prescription drugs. The average … (0 comments)
I just heard that next year Social Security recipients would not see a cost-of-living adjustment (COLA) to their payments. That is a troubling thought for the 41 million seniors whose financial security depends on the program. Some depend on their COLA payments to pay on their mortgage or equity line of credit to keep their homes while paying for other essential necessities.
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