No Social Security Increase

(NBC) Millions of social security recipients, disabled veterans and federal retirees can expect no increase in benefits this year.

On Thursday, the government will announce the annual cost-of-living adjustment (cola) or the lack of one.

The adjustment is based on a government measure of inflation, which is being dragged down by lower gas prices.

Inflation has been so low this year that economists say there’s little chance the numbers will produce a benefit increase for next year.

Only twice before has there been no increase, in 2010 and 2011.

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