Social Security COLA To Be Among Smallest Ever

WASHINGTON (October 13, 2013)--For the second straight year, millions of Social Security recipients, disabled veterans and federal retirees can expect increases in benefits come January that at roughly 1.5 percent, will be among the smallest hikes since the automatic increases were adopted in 1975.

Next year's increase will be small because consumer prices, as measured by the government, haven't gone up much in the past year.

The size of the cost-of-living adjustment won't be known until the Labor Department releases the inflation report for September.

It's been delayed indefinitely because of the partial shutdown.

The Social Security Administration has given no indication that raises would be delayed because of the shutdown, but advocates for seniors say the uncertainty is unwelcome.

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