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Social Security makes it official: No COLA in By OHLEMACHER, Associated Press Writer Ohlemacher, Associated Press Writer 37 mins ago WASHINGTON – There teens search sex be no cost of living increase for more than 50 million Social Security recipients next year, the first year without a raise since automatic adjustments were adopted in , the government announced Thursday. Blame falling consumer prices. By law, cost of living adjustments are pegged to inflation, which is negative this year because of lower energy costs. Social Security payments do not go down, even when prices drop. The administration, meanwhile, is pursuing a different way to boost recipients' income. On Wednesday, President Barack ed for a second round of $ stimulus payments for seniors, veterans, retired railroad workers and people with disabilities. The payments would match the ones issued to seniors earlier this year as part of the government's economic recovery package. The payments would be equal to about a 2 percent increase for the average Social Security recipient. Social Security payments increased by percent in, the largest increase since. The big increase was largely because of a spike in energy costs in. "Social Security is doing its job helping Americans maintain their standard of living," said Social Security Commissioner J. Astrue. But, he added, "In light of the human need, we need to support President -'s for us to make another $ recovery payment for 57 million Americans." The Labor Department reported Thursday that consumer prices had declined percent since the third quarter of. The cost-of-living adjustment for Social Security, or COLA, is based on the change in consumer prices from the third quarter of one year to the next. Tweet

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