An early prediction for 2019’s COLA
It’s really too early to predict with any degree of accuracy, but at least one pundit – Motley Fool’s Sean Williams – has gone out on a limb with an early prediction of what the COLA for 2019 might be. COLA is based upon changes to the Consumer Price Index for Urban Wage Earners and Clerical Worker (CPI-W) and the year-to-date performance of that index has been good, thanks to the rising costs of food, gasoline and housing rentals. Watching this index has led Mr. Williams to a conclusion that the actual measurement, the CPI-W’s 3rd quarter 2018 performance compared to the previous year, will result in a higher COLA adjust than has been seen in many years. Click here to read more.