Could Trump's Hiring Freeze Affect Your Social Security COLA?
President Donald Trump's freeze on federal hiring could affect Americans in lots of ways. Your Social Security cost-of-living adjustment (COLA) might seem to be an unlikely item on the list.However, Trump's hiring freeze at the U.S. Bureau of Labor Statistics (BLS) could make inflation data collected by the agency less accurate, and result in a COLA increase that doesn't keep pace with the higher prices seniors pay. One senior advocacy group isn't happy about it.Image source: Getty Images.Continue reading
President Donald Trump's freeze on federal hiring could affect Americans in lots of ways. Your Social Security cost-of-living adjustment (COLA) might seem to be an unlikely item on the list.
However, Trump's hiring freeze at the U.S. Bureau of Labor Statistics (BLS) could make inflation data collected by the agency less accurate, and result in a COLA increase that doesn't keep pace with the higher prices seniors pay. One senior advocacy group isn't happy about it.
Image source: Getty Images.
