Sorry Gramps! No Raise For U.S. Social Security Recipients

  • by: Alan Duke

The 65 million Americans who live off of monthly Social Security checks will have to survive off the same budget for the next year, the federal government announced.

The Cost of Living Adjustment -- COLA -- used to set Social Security payments is based on the inflation rate, which was pushed down by falling gasoline prices over the past 12 months. But since many of the elderly don't drive or buy gas at the pump, their personal inflation rate might not be so low.

Social Security recipients, which include retired senior citizens, disabled and minor dependents of deceased workers, got a 1.7% raise for 2015. This is the first year since 2011 that they will get no increase.

Lead Stories' Trendolizer constantly scours social nets for trending Social Security content. Scroll down to see the latest

  Alan Duke

Editor-in-Chief Alan Duke co-founded Lead Stories after ending a 26-year career with CNN, where he mainly covered entertainment, current affairs and politics. Duke closely covered domestic terrorism cases for CNN, including the Oklahoma City federal building bombing, the UNABOMBER and search for Southeast bomber Eric Robert Rudolph. CNN moved Duke to Los Angeles in 2009 to cover the entertainment beat. Duke also co-hosted a daily podcast with former HLN host Nancy Grace, "Crime Stories with Nancy Grace" and hosted the podcast series "Stan Lee's World: His Real Life Battle with Heroes & Villains." You'll also see Duke in many news documentaries, including on the Reelz channel, CNN and HLN.

Read more about or contact Alan Duke

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