2022 COLA Watch – A New Projection
CNBC Personal Finance Reporter Lorie Konish offered comments on The Senior Citizens League’s recent COLA forecast for 2022, noting that recent inflation projections indicate the possibility of a 5.3% January increase in benefits. The projection is based largely on recent jumps in several key categories, although the determining factor is the CPI-W actual experience for the third quarter of this year compared to the same period for last year. As Ms. Konish points out, “…the bump retirees see to their monthly checks in 2022 depends a lot on the economy, including whether the Federal Reserve decides to raise interest rates.” Read her full post here…
In any event, most of the conjecture floating in the air these days consistently points to the highest COLA adjustment in over a decade. Stay tuned to this website for updates as they hit.
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