How Much Would You Lose?

Some Washington politicians are proposing a budget deal that would change the cost-of-living-adjustment (COLA) for Social Security and veterans’ benefits, resulting in a combined $146 billion in cuts over the next ten years.

The COLA change would hurt seniors and veterans who are already living on tight budgets stretched by prescriptions, utility bills, mortgages and health care costs.

Use the calculator below to see exactly how the COLA change would impact you. Then send a message to your Senators – urge them to reject this shortsighted change and instead find responsible ways to address our nation’s budget challenges. Tell them to leave your hard-earned Social Security and veterans’ benefits out of any shortsighted budget deal.

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via AARP.