FIRST AIRED: May 23, 2017

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

×

Transcript

00:00:00
bad news for nearly sixty five million Americans depending on social security benefits the government announced on Thursday there will be no automatic raise next year I'm currently getting the New York looking for something to blame look no further the government uses a range of daily expenses are from July to September to calculate the annual cost of living adjustment with energy costs slashed in half from a year ago the number crunchers coming up with a figure above big flat zero , this is only the third time there won't be a bump up in pain says the automatic increase was put in place more than forty years ago all three of those paper resist coming within this decade this one actually impacts more than seventeen million which is about one fifth of the total population when you include disabled veterans federal retirees told getting survivor benefit and low income disabled Americans who get supplemental payments the average benefit payout of more than twelve hundred dollars a month for the nation's retirees will remain the same next year and that they put the squeeze on both on a fixed income Medicare costs are compiled using a different method and could still go out next year leaving less money for retirees just spent on everything else