BOSTON (TheStreet) -- For the second year in a row, seniors collecting Social Security benefits will not get a cost of living adjustment, a move predicated on low inflation rates.Beyond the political dogfight once again under way between advocates who feel seniors are being shortchanged and those who feel an increase would be nothing more than an unwarranted giveaway, the issue has also renewed debate over the very calculations that quantify inflation.
|Support is growing for Congress to introduce a 'chained' formula to decide if seniors get cost of living increases in annual Social Security payments.|
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