Millions to receive Social Security boost

Business Week reports:

More than 48 million Americans will get a 4.1 percent increase in their monthly Social Security checks next year, the largest increase in more than a decade.

The cost of living adjustment, or COLA, was announced Friday by the Social Security Administration. It will be the biggest increase since a 5.4 percent gain in 1991. The increase last January was 2.7 percent.

What would Warren Buffett and other hardly downtrodden seniors do without that 4.1% increase? Are you getting a 4.1% increase on your job? The federal government's largest program is now getting bigger.