Since 1975 there has been no other period in the history of SS that COLA increase were so low: Carter averaged 6.37%/year, Reagan avg. 4.77%, Bush Sr. avg. 4.2%, Clinton adg. 2.54%, Bush avg. 3.037, and Obama avg. 1.1%. The average since 1975 – 2008 was 3.48%. Compared to the last eight years of 1.1% and use the national average social security benefit of $1500. A $1500 benefit would have increased to $1905 at the previous average, at an avg. of 1/1% that $1500 benefit only increases to $16.19.
And they say Trump is going to take away their benefits?
Source of insurance-forums.net
And they say Trump is going to take away their benefits?
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