Social Security Projections

Recent Congressional Budget Office (CBO) publications and Obama administration comments indicate that Social Security payments may not increase in 2010. This would be the first time in three decades that there may not be an increase.

The lack of a cost of living adjustment may be compounded by increases in Part B Medicare premiums and drug coverage premiums. Thus, many Social Security recipients may find an overall decrease in their net checks during 2010.

The lack of Social Security increase would be due to very low levels of inflation over the past year.

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