OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Issue Position: Social Security Cost-of-Living Adjustment (COLA)

Issue Position

Date: Jan. 1, 2015
Issues: Senior Citizens Entitlements and the Safety Net

Unfortunately, Social Security recipients will not receive a cost-of-living adjustment this year, according to a government announcement made in October 2015.

During the last 10 years, benefits have increased an average of 2% per year, however, there were no increases for 2010 and 2011.

No cost-of-living adjustment was given this year due to weak inflation and a sluggish economy.

Senator Lankford has committed to make sure the government keeps its promise to seniors.


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