No Cost Of Living Increase For Millions On Social Security

03:49

October 15, 2015

Blank social security checks run through a printer at the U.S. Treasury printing facility in Philadelphia, Pennsylvania. (William Thomas Cain/Getty Images)

Sixty million Americans who receive Social Security benefits will not get a cost-of-living adjustment next year.

Falling gas prices are another sign of weak inflation in the United States, a key measure used to make the cost-of-living adjustment. At the same time, applications for unemployment aid have dropped to a 42-year low.

NPR's senior business editor Marilyn Geewax joins Here & Now's Jeremy Hobson with details.

Guest

Marilyn Geewax, senior business editor at NPR. She tweets @GeewaxNPR.

This segment aired on October 15, 2015.