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Senior Advisor

No COLA in 2016

The government cites lower gas prices as the reason for no Cost Of Living Increase for Social Security and other government benefits.

 

I saw an old woman on TV who said she doesn't drive anyway, so cheaper gas doesn't help her directly, but other costs went up and no COLA means those costs weren't covered in her case.

 

COLA is probably not a deal breaker on the farm, but parents might find the shoe pinches a bit more than it did before.

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3 Replies
Honored Advisor

Re: No COLA in 2016

at least it sounds like an attempt to curb the budget. ------ unfortunately it is probably just posturing for the election..

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Veteran Advisor

Re: No COLA in 2016

That reasoning should mean no raises or bonuses for federal employees then.

Find it hard to believe politicians will allow no COLA in an election year.

Those peolple vote too.

 

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Honored Advisor

Re: No COLA in 2016

76 your right......... My thoughts hadn't gotten to the other side of the glass yet

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