"Raising the retirement age would inflict further hardship among a group of workers who are likely to face health and economic problems in their 60s." –Doug Hart, President, Arizona Alliance for Retired Americans
Social Security benefits will rise by 1.5% next year, one of the smallest increases ever in the program's annual cost-of-living adjustment (COLA). The increase is down from the 1.7% increase for 2013. There was no COLA increase at all in 2010 and 2011, because prices fell during the recession.