Will there be a cost of living increase this year for Social Security?

Will there be a cost of living increase this year for Social Security?
by

1 Answer

Answer :

For the year 2011, there will be no cost of living increase or adjustment. For a cost of living increase to occur, there has to be an increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers. There was none this year, hence no cost of living adjustment. See the Social Security Administrations website for more information: http://www.ssa.gov/cola/2011/2011faqs.htm#q3
by

Related questions

Do You Believe That It was Correct For the Government to CANCEL the COLA (Cost Of Living Increases) for those on Government Penisons , Social Security, VA etc ?

Description : Do You Believe That It was Correct For the Government to CANCEL the COLA (Cost Of Living Increases) for those on Government Penisons , Social Security, VA etc ?

Last Answer : The government did not cancel the cost of living increases. In 2009, there was no increase in prices, and therefore no increase in the cost of living. The annual COLA increases are formulaic, tied ... value) of their SS checks actually went up. This is the first time that has happened in decades.

Will my Social Security benefits increase or decrease if I move from South Carolina to Florida?

Description : Will my Social Security benefits increase or decrease if I move from South Carolina to Florida?

Last Answer : Need answer

What country has the lowest cost of living coupled with relitivly good security?

Description : What country has the lowest cost of living coupled with relitivly good security?

Last Answer : Bulgaria, Croatia, Hungary…...Nice climate, EU member states and low cost of living. Worth considering.

Does Medicare help pay cost of Implants. I lost my teeth from physical abuse and am on Social Security Disability?

Description : Does Medicare help pay cost of Implants. I lost my teeth from physical abuse and am on Social Security Disability?

Last Answer : They are so painful, as I said there are others that offer the snap on, and yes your ins will pay Medicare will only pay for dental implants if they are part of a facial reconstruction because of ... medical ins. will cover the surgical part of the implant. as mine did. hope this help. good luck

Will people on social security get a stimulus check 2020 the year?

Description : Will people on social security get a stimulus check 2020 the year?

Last Answer : Why do they get one? Why do those on disability get one? The coronavirus didn't stop them from receiving and income every month.It was business as usual for them.A lot of Americans went from a ... s a monthly bonus for them. It should be about helping those who lost their jobs support their family.