Lack of increases could hurt Social Security recipients

From Thetowntalk.com

The Congressional Budget Office forecasts that there will be no cost-of-living increase in Social Security benefits for the next three years. It is expected to be 2013 before the next increase. The cost-of-living adjustment is meant to keep benefits for the more than 50 million Americans who receive Social Security current with inflation. When inflation is low, as it is due to the recession, the COLA is low.This is the first time since the adjusted increases started in 1975 that the COLA has been 0 percent, making 2010 the first year most seniors have not seen their benefits go up.