- Published in: The Queens Courier
The Social Security administration announced a 2.3 percent cost of living adjustment (COLA) increase for next year recently — the lowest in four years.
It will not help retiree Clifton Rutherford much.
The 77-year-old Jamaica resident’s rent is scheduled to rise $20 in January to $700. That is twice the $10 boost he will get in his Social Security check, under the smallest nationwide COLA increase since 2004.