Seniors like John Scapaccino, 78, of Greenacres are bracing once again for little or no COLA — Cost of Living Adjustment — on Social Security’s 2017 menu.
“Not only myself but a lot of retirees are struggling,” he said.
The latest projections from federal officials range from a 0.7 percent increase down to zero. The latter would mark the second year in a row without a raise for roughly 40 million American retirees receiving Social Security checks. That would set an unwelcome precedent for seniors on fixed income.