Social Security Report

Next year’s COLA may not be as much as projected

Highlighting the folly of trying to predict the future, those who regularly watch the Consumer Price Index (CPI) are now projecting that the 2018 COLA increase won’t be as much as predicted by the Social Security Trustees’ Report released in July.  That report suggested that the COLA for next year would be between 1.7 and 2.2 percent, but on the CPI’s current course the reality will probably be either lower, or at best on the lowest end of the forecast.  The actual numbers won’t be known until mid-October because the measurements used are each year’s 3rd quarter inflation results (July – September).  This www.benefitspro.com article by Nick Thornton explains how the COLA is computed and what you might realistically expect for next year’s increase.  Click here to read more.

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