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Congressman Xavier Becerra: COLA Bump, Like Social Security, Indispensable to Millions of Americans

Press Release

Date: Oct. 22, 2014
Location: Washington, DC
Issues: Senior Citizens Entitlements and the Safety Net

Today, Congressman Xavier Becerra (CA-34), Chairman of the House Democratic Caucus, released the following statement after the Social Security Administration announced that starting in January of 2015, Social Security's automatic Cost-Of-Living Adjustment (COLA), designed to help meet increasing consumer prices, will increase benefit payments to Social Security recipients by 1.7 percent.

"For over 58 million Americans, Social Security provides indispensable economic security, allowing them to live a life of dignity. In order to ensure that this earned benefit continues to help millions of Americans, beneficiaries will receive an automatic cost-of-living increase starting in January 2015 to address the rising prices of food, housing and other basic necessities. House Democrats will continue to fight to protect Social Security and make sure that this earned benefit will remain strong for generations to come."


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