COLAS Reveal The True Nature of Social Security

by Laurence M. Vance
Oct. 23, 2015

The more than 63 million Americans who receive Social Security retirement, disability, survivorship, or death benefits will not be getting a Christmas gift later this year from the Social Security Administration. Although those Americans have come to expect a cost-of-living adjustment (a COLA) to their Social Security benefits at the beginning of every new year, no such increase (there has never been a decrease) will be forthcoming at the beginning of 2016, says the Social Security Administration.

What the Social Security Administration did not say, what liberals and Democrats did not say, what progressives, centrists, and moderates did not say, and what conservatives and Republicans did not say is that Social Security COLAs reveal the true nature of the Social Security system.

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