Tag: inflation
The brief’s key findings are: The Census Bureau just reported a big jump in the poverty rate in 2009. But poverty rates actually fell for those over 65 as: Social Security recipients got a large cost-of-living adjustment and a one-time stimulus payment; and the poverty threshold dipped due to lower inflation in 2009. This situation…
Introduction Today, the Social Security Administration announced that benefits payable in December 2008 would be increased 5.8 percent beginning January 1, 2009. This cost-of-living-adjustment (COLA) – the largest in 26 years – is an important reminder that keeping pace with inflation is one of the attributes that makes Social Security benefits such a unique source of…
