Tuesday, February 28, 2012
Middle East instability can increase COLA's, making Social Security Trust Fund evaporate more quickly
Allan Sloan has an interesting short column in the Feb. 28 Washington Post, “Arab Spring fallout hits Social Security”, link here.
What’s the link? Instability in the Middle East has helped boost the cost-of-living adjustment that started this year, to more than what was expected. The threats from Iran certainly will add. So the projections on the longevity of the Trust Fund could quickly become quite a bit less than expected.