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Social Security COLA could be affected by recent hurricanes
While the devastation caused by hurricanes Harvey and Irma is stunning, if there’s a silver lining in those clouds it may be that inflated gasoline prices could cause an up-tick in the Consumer Price Index (CPI). Gas prices, one of the inflation elements measured in the CPI, rose across the country during August and September, two of the three months used to set next year’s COLA. And that could offset an earlier decline in the CPI which would have meant a smaller than projected increase. Though the final numbers won’t be known until October, this article by Sean Williams appearing at madison.com opines that the 2018 COLA increase could, in fact, be a little better. Click here to read more.
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