SOCIAL SECURITY: No Cost of Living Adjustment (COLA) for 2016

SOCIAL SECURITY:  No Cost of Living Adjustment (COLA) for 2016

The Social Security Administration has announced that there will be no automatic COLA increase in payments this year.  Cost of Living Adjustments (COLA) are tied to inflation.  With consumer prices being down, there will be no automatic increase in 2016 to Social Security and Supplemental Security Income (SSI) benefits. 

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