Worth Repeating: How Much Would You Lose if the Social Security COLA Is Changed?

“Worth Repeating” is a weekly feature on the EngAGE Blog that will bring you previous posts that we think are still timely, interesting, or just plain fun! From 2/22/13:

The proposed change to the cost-of-living-adjustment (COLA) for Social Security and veterans’ benefits would result in a combined $129 billion in cuts over the next ten years. This would hurt many seniors and veterans who are already living on tight budgets. AARP has a free calculator that you can use to find out how much your benefits would be reduced over that ten year period of time. If you’re concerned, send a message to your elected representatives and the White House. Click here for contact information.

(Graphic from the National Committee to Preserve Social Security and Medicare.)

[This is still a crucial issue in 2014! Contact your elected representatives to make your thoughts known.]

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