COLA

En inglés |  AARP envió la siguiente carta al Congreso el 14 de octubre.

AARP sent the following letter to Congress on Oct. 14.

In English | Casi 60 millones de beneficiarios del Seguro Social probablemente no reciban un ajuste por costo de vida el año que viene, según los pronósticos publicados en los informes del 2015 de los administradores del Seguro Social y Medicare.

En español |  Nearly 60 million Social Security recipients will probably not get a cost-of-living increase next year, according to projections in the 2015 Social Security and Medicare trustees reports.

Social Security benefits will rise by 1.7 percent starting in January, the Social Security Administration announced Wednesday.

As the largest nonprofit, nonpartisan organization representing the interests of Americans age 50 and older and their families, AARP urges the budget conference committee to reject harmful cuts to Social Security and Medicare benefits for the purpose of achieving deficit reduction or as a tradeoff for scheduled sequestration cuts or other government spending. While we agree that sequestration cuts will have a growing impact on critical discretionary programs and should be revisited, we remain steadfast in our commitment to protect the earned benefits upon which millions of Americans rely daily, and we oppose cutting Medicare and Social Security benefits to replace sequestration cuts.

Social Security benefits will increase by just 1.5 percent next year - about $19 a month for the average retiree.

The annual Social Security cost-of-living adjustment (COLA) is critically important to the financial security of the nearly 58 million Americans receiving benefits. By providing protection against inflation, the COLA helps beneficiaries of all ages maintain their standard of living, keeping many from falling into poverty. The COLA announced today is vital to millions, but at an average of just $19 per month, it will quickly be consumed by the rising costs of basic needs such as food, utilities and health care.

Wondering what next year's cost-of-living adjustment for Social Security will be?

Last week marked the 78 th anniversary of the passing of the Social Security Act. To commemorate, this blog post looks back to see how Social Security has changed over the years. Below, you will find a timeline highlighting famous firsts, important legislation and the growth of one of America's most popular programs.