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Bonus Check, No COLA For Seniors

Item: No Social Security Increase in 2010 /Emily Brandon, U.S. News & World Report

More Info: Retirees will not receive a Social Security cost-of-living increase in 2010, the Social Security Administration announced today. This will be the first year without a boost in Social Security payments since automatic increases for inflation went into effect in 1975. Social Security payments are currently tied to the Consumer Price Index for Urban Wage Earners and Clerical Workers, which did not increase between the third quarter for 2008 and 2009. Existing Social Security recipients will receive the same amount as last year, under current law.

Also: Seniors likely to get $250 bonus check /Ron Scherer, Christian Science Monitor

Question: How do you think seniors will react to these two pocketbook stories?

* This story was originally published as a post from the blog "Huckleberries Online." Read all stories from this blog