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Next Year’s COLA? Who knows, but one can speculate.
It’s that time of the year, and the numbers that will determine the COLA calculation for next year are now being accumulated. For those pundits looking ahead to what the CPI-W comparison will yield in October, the speculation is a bit cloudy as they try to assess the impact of the COVID-19 pandemic on inflation. In the words of The Motley Fool’s Sean Williams, “ … it looks increasingly likely that there will be no COLA, or perhaps the smallest positive COLA on record, in 2021.” Smallest on record? That would mean something less than 2016’s 0.3% increase. In any event, stay tuned as the forecasts evolve over the next three months. Read Sean Williams’s mooresvilletribune.com post here…
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