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

MONEYThe 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 entry was posted in Finances and tagged . Bookmark the permalink.

One Response to How Much Would You Lose if the Social Security COLA Is Changed?

  1. Zach says:

    The history of the social security cola increase is at http://socialsecuritycolaincrease.com/ – I didn’t know there were years with a 0% increase

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.