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Retiree Anger Over Zero 2010 COLA and Future Social Security Reform
In the next two years, it is predicted that the Social Security system will pay more out in benefits than it collects in taxes. This is the first time this has happened since the 1980s, and is href="http://news.yahoo.com/s/ap/20090927/ap_on_go_ca_st_pe/us_social_security_early_retirements" target=_blank>reportedly retirements on the system.
With the additional announcement last month that there will be href="http://www.myfederalretirement.com/public/376.cfm">no cost-of-living (COLA) increase anger among seniors is mounting. Mark Miller, a nationally-recognized expert on trends in retirement and aging, believes "Washington will turn to Social Security reform sometime after health care wraps up. The debate has the potential to become Round Two of the nasty public displays we saw at last summer's health care town hall meetings." Miller describes, in his column last week, how the Social Security COLA anger might be a preview of things to come (href="http://retirementrevised.com/money/is-social-security-cola-anger-a-preview-of-things-to-come" target=_blank>read the column here on RetirementRevised.com |