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Social Security COLA Talks Heating Up
We’re into that time of the year…the months where pundits begin to look closely at the CPI-W readings and formulate their forecast of what the July-September readings will be in relation to last year. The year-to-year comparison, of course, will dictate what the mid-October decision on next year’s cost-of-living adjustment (COLA) for beneficiaries will be. The Motley Fool’s Sean Williams, in a post on globegazette.com’s business page, takes a look at this issue by stressing “The one thing …” most important to note regarding COLA…the fact that over the years, the current formula has not kept pace with the costs facing seniors. Read his post here…
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