Trustees reported
that they expect Social Security's cost-of-living-adjustment (COLA) increase
to be 0.2% next year.
That minuscule amount
— which equals a whopping $2 more for someone getting a $1,000 monthly check — would come after retirees got no increase in Social Security
benefits in 2016 for the third
time in four decades.
But
a next-to-nothing COLA for retirees isn’t stopping President Obama from giving
himself and other past presidents a pay boost …
The White House budget for fiscal
2017 seeks $3.87 million in benefits for former presidents and their spouses.
That would mark an 18% increase from the prior year.
Something to keep in mind as Election Day draws close.
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