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Could seniors be looking at their biggest Social Security raise in seven years?
The first of three Social Security inflation data points used to calculate COLA (cost-of-living-adjustment) is in; however, the COLA announcement is still two months away. Social Security’s annual COLA is the average reading from the third quarter of the previous year (July – September) acts as a baseline, while the average reading from the third quarter of the current year is the comparison. If prices rise in the third quarter of 2018 from the third quarter in 2017, then beneficiaries will receive a “raise” that corresponds to the difference in percentage terms. Read article attached article for more details here…
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