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Would be the COLA (Value Of Dwelling Adjustment) dropping its fizz? Several seniors now come to feel which the yearly Social Protection amount of living raise is failing to maintain up along with the soaring price tags of almost everything from gas and heating expenditures to groceries and pharmaceuticals. Like a final result, seniors are suffering, and they’re struggling badly.


In 2005, one example is#7# the Social Protection fee of dwelling grow was just 2.7 %. But if you stuffed up your vehicle with the fuel pump, you almost certainly seen the 28 percent jump in gas price tags. And as you compensated your heating bill, you most likely seen which the rate of household electricity soared by double digits also.


Meanwhile, the Federal Reserve kept elevating its pace final calendar year as well, that means that seniors watched helplessly as their currently diminished paying power was lower even additionally because they paid better rates on credit score card bills#8# car loans and adjustable rate mortgages.


The absence of a honest Social Protection cost of living boost influences seniors in a very incredibly actual way. Fran, a TREA Senior Citizens League (TS