AARP letter

Changes to Social Security COLA Could Hurt Retirees

Posted on 11/8/2012 by | Money and Work | Comments

Bulletin Today | Money & SavingsWith lawmakers under the gun to avert a slew of impending tax hikes and spending cuts scheduled to kick in on Jan. 1, Social Security advocates fear that harmful changes to the program could be crammed into a last-minute budget deal. President Obama has said he’ll waste no time in seeking a bipartisan solution to the fiscal crisis. But AARP told Congress in a letter Thursday that any budget deal should not include a measure known as the chained Consumer Price …