CEOs Got a Pay Increase Last Year But No COLA for Social Security Recipients
The Social Security Administration announced that senior citizens would get no increase in their monthly checks because there wasn’t any inflation last year as measured by the increase in paychecks for urban and clerical workers. Yes, those workers didn’t make any more money, but CEOs certainly did. Why don’t they gear their index to the increase in paychecks for CEOs? That was a whopping 3.9%. Senators Bernie Sanders and Elizabeth Warren (the only Senators who stand up for We the People) are introducing legislation that would give seniors the same increase that CEOs got last year. It has a snowball’s chance in Hell of passing, but they get A for effort. [Read more…]