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No Cost Of Living Increase For Millions On Social Security

Blank U.S. Treasury checks run through a printer at the U.S. Treasury printing facility in Philadelphia, Pennsylvania. (William Thomas Cain/Getty Images)
Blank U.S. Treasury checks run through a printer at the U.S. Treasury printing facility in Philadelphia, Pennsylvania. (William Thomas Cain/Getty Images)

Sixty million Americans who receive Social Security benefits will not get a cost-of-living adjustment next year.

Falling gas prices are another sign of weak inflation in the United States, a key measure used to make the cost-of-living adjustment. At the same time, applications for unemployment aid have dropped to a 42-year low.

NPR’s senior business editor Marilyn Geewax joins Here & Now‘s Jeremy Hobson with details.

Guest

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