Latest News

COVID-19 Has Probably Eliminated Your 2021 COLA Increase

Most seniors rely heavily on their Social Security income, so the Cost Of Living Adjustment (COLA) granted in most years is a welcome raise. But, whether or not a COLA increase will happen depends on the state of the American economy, and the COVID-19 pandemic has wreaked havoc thereon. COLA is determined by changes to the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) and, as described in this article by Sean Williams appearing in the Winston-Salem Journal, early CPI-W indicators are pointing to either no 2021 COLA increase, or a very small one. Click here to read more.

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or socialsecurityreport.org.

 

What's Your Opinion?

We welcome your comments. Join the discussion and let your voice be heard. All fields are required

Website by Geiger Computers