There is a dowwside to the good news that there has not been any inflation in 2009.
Normally, at this time of year, U.S. Citizens receiving Social Security Benefits & Public Services (welfare) receive a notice from the Federal and State Government offices informing them of a raise in benefits based on the rate of inflation.
You got it!
Americans receiving Social Security benefits and/or welfare from public services were just notified by U.S. Post that there will not be any increase in benefits in 2010
According to Social Security:
"By law, Social Security Benefits increase automatically to keep up with inflation. When there is a period of no inflation, the law does not permit an increase in Social Security benefits. Based on the Consumer Price Index CPI) published by the Department of Labor, there was no rise in the cost of living during the past year (2009), so the benefit rate will remain the same in 2010. The CPI is the federal government's official measure used to calculate cost-of-living expenses."
Is Uncle Sam a scrooge?
By the way, Happy Holidays, eh?
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