Social Security: No Cost of Living Increase for Two Years

The government has decided that inflation is so low that there will not be a Cost of Living Increase for the next two years.  What about the out-of-pocket medical and drug costs for seniors ?  This issue is discussed in an article from News Day.

Former Deputy Social Security Commissioner Andrew Biggs, says this news is not all bad because benefits will remain the same while the cost of living is less, which means many beneficiaries will still be ahead.

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