Social Security COLA: No Raise For Seniors

58 million Americans who receive Social Security retirement benefits will have to make do without a raise next year. It's expected that the Social Security Administration won't be giving a "Cost of Living Adjustment" ("COLA") to Social Security recipients in 2011.

On WCBS-TV, I discussed why seniors will be frozen at 2010 levels and the larger, more dangerous issue that lurks for Americans worried about retirement.