On the money starts right now. We begin with Social Security. Next year americans who receive benefits will be getting a small cost of living increase,. 3 . Thats an average of just 4 a month. Can retirees who rely on Social Security payments survive on those numbers . Saving the safety net is this weeks cover story. Reporter each year the Social Security administration determines how much the cost of living or c. O. L. A. Increase will be based on the Consumer Price index, and thats a basket of goods and services tracked by the federal government which includes everything from food to housing to gasoline. Increases have ranged from more that 14 in 1980 to zero in 2016. Critics say that c. O. L. A. Does not properly weigh the rising cost of health care and groceries which impact seniors. The debate over the Social Security increase comes at the same time as concerns are increasing about the programs future and stability. The system is funded by workers contributions from a payroll tax
Cost of living increase,. 3 . Thats an average of just 4 a month. Can retirees who rely on Social Security payments survive on those numbers . Saving the safety net is this weeks cover story. Reporter each year the Social Security administration determines how much the cost of living or c. O. L. A. Increase will be based on the Consumer Price index, and thats a basket of goods and services tracked by the federal government which includes everything from food to housing to gasoline. Increases have ranged from more than 14 in 1980 to 0 in 2016. Critics say that c. O. L. A. Does not properly weigh the rising cost of health care and groceries which impact seniors. The debate over the Social Security increase comes at the same time as concerns are increasing about the programs future and stability. The system is funded by workers contributions from a payroll tax or fica. Retirees. Any excess is put into a trust fund which generates a small amount of interest, but that fund is projected to r
Security. Next year americans who receive benefits will be getting a small cost of living increase,. 3 . Thats an average of just 4 a month. Can retirees who rely on Social Security payments survive on those numbers . Saving the safety net is this weeks cover story. Reporter each year the Social Security administration determines how much the cost of living or c. O. L. A. Increase will be based on the Consumer Price index, and thats a goods and services tracked by the federal government which includes everything from food to housing to gasoline. Increases have ranged from more than 14 in 1980 to 0 in 2016. Critics say that c. O. L. A. Does not properly weigh the rising cost of health care and groceries which impact seniors. The debate over the Social Security increase comes at the same time as concerns are increasing about the programs future and stability. The system is funded by workers or fica. The proceeds are paid out to retirees. Any excess is put into a trust fund which generate
Cost of living increase,. 3 . Thats an average of just 4 a month. Can retirees who rely on Social Security payments survive on those numbers . Saving the safety net is this weeks cover story. Reporter each year the Social Security administration determines how much the cost of living or c. O. L. A. Increase will be based on the Consumer Price index, and thats a basket of goods and services tracked by the federal government which includes everything from food to housing to gasoline. Increases have ranged from more than 14 in 1980 to 0 in 2016. Critics say that c. O. L. A. Does not properly weigh the rising cost of health care and groceries which impact seniors. The debate over the Social Security increase comes at the same time as concerns are increasing about the programs future and stability. The system is funded by workers contributions from a payroll tax or fica. Retirees. Any excess is put into a trust fund which generates a small amount of interest, but that fund is projected to r
Security. Next year americans who receive benefits will be getting a small cost of living increase,. 3 . Thats an average of just 4 a month. Can retirees who rely on Social Security payments survive on those numbers . Saving the safety net is this weeks cover story. Reporter each year the Social Security administration determines how much the cost of living or c. O. L. A. Increase will be based on the Consumer Price inde ax,nd thats a basket of goods and services tracked by the federal government which includes everything from food to housing to gasoline. Increases have ranged from more than 14 in 1980 to 0 in 2016. Critics say that c. O. L. A. Does not properly weigh the rising cost of health care and groceries which impact seniors. The debate over the Social Security increase comes at the same time as concerns are increasing about the programs future and stability. The system is funded by workers contributions from a payroll tax or fica. The proceeds are paid out to retirees. Any exc