SENIORS ON FIXED INCOMES DENIED 1% COST OF LIVING INCREASE The following is a statement by AMAC on the topic of Seniors on fixed incomes being denied a 1% Cost of Living Increase. Interviews upon request. www.amac.us and www.amacfoundation.com “Fixed income seniors suffer while the Obama administration offers unemployment payments for up to six full months even though it is a clear cut disincentive for job seekers. The administration, it seems, is unwilling to give the jobless the motivation they need to start seeking jobs by cutting back on the government’s unemployment largesse. Yet, hapless retirees and other fixed income Americans may be denied a paltry 1% COLA increase yet again,” according to Dan Weber, president of AMAC (Association of Mature American Citizens). “Unemployment … [Read more...]