The Social Security Administration
reports
that the cost-of-living adjustment for 2017 will be a whopping 0.3%.
That translates into a monthly increase of less than $4 a month for the
average Social Security recipient. The cost-of-living adjustment is
based on the Consumer Price Index, generated by the Bureau of Labor
Statistics, which measures price changes for food, housing, clothing,
transportation, energy, medical care, recreation and education.
Meanwhile, the American Community Survey, part of the U.S. Census Bureau,
reports
that ten thousand low and middle income households leave San Francisco
every year, replaced by new high income residents that can afford the
skyrocketing rents. Anecdotally, a one-bedroom apartment in 2010 cost
$1,000 a month. In 2012, it cost $2,000 a month. Today, it goes for
$3,000 a month.
Three of the years since 2008 showed no cost-of-living increase for
Social Security. Only once was it above 2%. Something doesn't add up.
Update on U.S. government
screwing the elderly and disabled by
cooking the books.