Another reason not to expect inflation
On Thursday, the US will announce its annual cost-of-living adjustment to Social Security benefits for 2016. Because of falling gasoline prices, benefits will be left unchanged, the Associated Press reports.
The national retirement and disability program is used by about 60 million people, or one-in-six Americans.
The average Social Security retirement benefit in June 2015 was $1,335 a month, or a bit over $16,000 a year. Even though it's a relatively small amount, the lack of any increase will help to keep inflation in check in 2016.
