Saturday, October 16, 2010

Zero Cost-of-Living Adjustment to Impact Most Vulnerable Older Adults

Click title for link to article on lack of cost of living increase for retired seniors on Social Security.  There is talk of a $250 one time payment, but I'm not sure what help that would provide and it would have to pass through Congress.  This is the first time since the payments have been indexed to inflation (1975) that there have been two years back-to-back without an increase.

Think about what this means locally for those, for example, in Lake Worth Towers.  Each year their rents are increased based on utility costs and other factors that support the building.  What possible benefit would these people receive by paying the "conservation fee" on their utility bill?  No conservation officer can do anything with Lake Worth Towers to conserve energy and water.  Let's not forget water rates that are going to increase for the next three years in order to fund our reverse osmosis plant.  What are these seniors going to give up in order to support a program that they don't benefit from?  How about Murry Hills or another complex with a high concentration of retirees?