More on 2022 COLA: What’s Causing the Chatter?
The likelihood of a substantial cost of living adjustment (COLA) for Social Security beneficiaries–the first substantial one in over a decade–has created a flurry of pundit projections in the past few weeks. Of course, it’s a good news/bad news scenario, since a COLA upswing is the direct result of a cost upswing we all face, so it’s more a matter of just trying to keep pace with what’s happening in the economy. So, while the talk of the town right now is that benefits could increase more than 5% in January (we won’t know what’s up until after the third quarter), analysts are focusing on the drivers. Investment Advisor magazine’s executive managing editor Ginger Szala, in a post today on ThinkAdvisor, takes a look at the key ingredient in the current mix…energy costs. Read her post here…
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