The Social Security Administration last week announced that there will be no cost of living adjustment (COLA) for Social Security recipients again next year

The Social Security Administration last week announced that there will be no cost of living adjustment (COLA) for Social Security recipients again next year.  Social Security and SSI benefits are adjusted annually to reflect increases, if any, in the cost of living as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), prepared by the Bureau of Labor of Statistics. Since the BLS determined that there was no increase in this index from the third quarter of 2008 through the third quarter of 2010, there can be no increase in the COLA for 2011. There…

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