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October 16, 2009

Social Security Recipients Will Receive No Cost of Living Increase in 2010
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The federal government announced Thursday there will be no cost of
living increase for more than 50 million Social Security recipients next
year. This marks the first year without a raise since automatic
adjustments were adopted in 1975. By law, the adjustments are pegged to
inflation, which is negative this year because of lower energy costs. To
soften the blow, the White House plans to send $250 checks to people who
receive Social Security and Social Security Income benefits.



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