No Social Security COLA Expected for 2011

By: Associated Press
By: Associated Press

WASHINGTON (AP) - The government is expected to announce this week that more than 58 million Social Security recipients will go through another year without an increase in monthly benefits.

It would mark only the second year without an increase since automatic adjustments for inflation were adopted in 1975. The first
year was this year.

Based on inflation so far this year, the trustees who oversee Social Security project there will be no cost of living adjustment for 2011.

That's not seen as good news for Democrats as they defend their ongressional majorities in next month's elections.

Last fall a dozen Democrats joined Senate Republicans to block an effort to provide a bonus payment to Social Security recipients to make up for the lack of a COLA this year.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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