3/15/2014 – What the Social Security COLA means to seniors (USA Today)

espite a narrow brush with a new reduction to Social Security benefits, seniors will not see the proposed move to a more conservative cost-of-living adjustment, or COLA, in 2014.

President Barack Obama’s announcement on Feb. 2 that he was scrapping the earlier proposal preserves the status quo for seniors — for now. The grand budget compromise it was supposed to prompt did not materialize.

Read the full article at USA Today.