The Social Security Administration has announced there will not be a cost of living increase for senior citizens and other who receive benefits in 2016. It’s the third time in the last five years there has been no increase. Sarah Jennings, state director, AARP-South Dakota, says that is tough for thousands of South Dakotans…..
About 160 thousand people in South Dakota receive Social Security, and for thirty percent of them, it is their only monthly income.
Jennings says despite the official cost of living showing a drop of six tenths of a percent, many of the things seniors buy are getting more expensive…..
Jennings says most seniors getting Social Security don’t get a lot….
In 2012, South Dakota residents got about two point one billion dollars from Social Security.