Second Year in A Row: No COLA for Social Security recipients

From the Wall Street Journal:

Thanks to low average inflation nationwide, for the second year in a row retired Americans’ Social Security checks in 2011 won’t include a cost-of-living increase. But even though the inflation rate has been low for about two years, older people are paying more for a variety of items.

For instance, people age 65 and up said their household spent about $4,900 on food in 2009, the most recent data available, up almost 9% from $4,515 in 2007, according to the Bureau of Labor Statistics’ Consumer Expenditure Survey, which asks households what they spend on various goods and services.

See Story here: