Inflation has been negative this year. And since the Cost of Living Adjustment, or COLA, is pegged to the inflation rate, it is expected that there will be no COLA increase this year for those on Social Security. It’s the first time in more than 30 years that Social Security checks will stay put.
But while inflation is not rising, certain health care costs are, reports the Dallas Morning News. The net result: Less for seniors to live on.
And would anyone be surprised if expenses like postage stamps rise yet again?