No Increase in Benefits for Social Security Recipients, Disabled Veterans And Federal Retirees

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Millions of social security recipients, disabled veterans and federal retirees can expect no increase in benefits this year.

On Thursday, the government will announce the annual cost-of-living adjustment (COLA) or the lack of one.

The adjustment is based on a government measure of inflation which is being dragged down by lower gas prices.

Inflation has been so low this year that economists say there’s little chance the numbers will produce a benefit increase for next year.

Only twice before has there been no increase that was in 2010 and 2011.

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