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2019 COLA could be about 3%, or more
Although the actual numbers won’t be known until October, through April of this year the Consumer Price Index used to determine Social Security’s annual cost of living adjustment (COLA) implies that beneficiaries could see as much as a 3% raise next year. In this Investment News article by Mary Beth Franklin, she describes how the COLA is calculated but also cautions that a confluence of factors could mean that, similar to last year, many beneficiaries won’t actually see a bigger Social Security check, or will find that the increase will hardly equal the actual increase retirees are seeing in their personal cost of living. Click here to read more.
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