Seniors Feeling Social Insecurity
By Daniel Macht |
October 25th, 2007 | Share This
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Print- Published in: The Queens Courier
Photo By: Daniel Macht/NYCity News Service
Clifton Rutherford, 77, fears the lowest Social Security cost of living adjustment in four years will tarnish his golden years.
Queens -
The Social Security administration announced a 2.3 percent cost of living adjustment (COLA) increase for next year recently - the lowest in four years.
It will not help retiree Clifton Rutherford much.
The 77-year-old Jamaica resident’s rent is scheduled to rise $20 in January to $700. That is twice the $10 boost he will get in his Social Security check, under the smallest nationwide COLA increase since 2004.
