Shocking News About Social Security

by Michael Covel
Daily Reckoning

Last week, the Social Security Administration announced some really bad news for retirees…

The 2017 Social Security Cost of Living Adjustment is going to be a paltry 0.3%. That’s about $5 per month.

That’s far less than the current inflation rate of 1.5%, which is expected to move even higher.

Plus, Medicare premiums are set to jump as high as 22% next year for many seniors.

In short, Social Security recipients are getting the shaft.

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