COLA

Inflation Poised to Give Social Security Recipients Huge 2023 Boost

It’s what all people are talking about–inflation. It hurts, and those on fixed incomes bear the brutal reality that they have no way to augment their incomes. No extra shift to pick up. No overtime. Their checks are the same…

Big COLA Coming But How Far Will it go? Medicare Goes up too.

Lorie Konish of CNBC notes what many are predicting for next year’s cost of living adjustment– it’s expected to be the highest in 40 years at over 6%.  She explains that the increase merely allows one to keep up with…

A Thorough Explanation of Cost of Living Adjustments

Seniors know they get a cost of living adjustment (COLA) every January 1st, though the increase has been 0% several times in recent years.  Sean Williams explains in great detail the rather strange way this calculation occurs, in that it…

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…

Next 3 Months Are Crucial for Social Security Recipients

July, August, and September are crucial for anyone receiving Social Security benefits. That’s because the consumer spending data from only those three months are used to calculate the inflation rate.  This then determines what the cost of living increase (COLA)…

Looking Ahead to 2021 COLA (Or, Lack Thereof)

Nobody really knows what will happen when the CPI-W numbers for the third quarter of 2020 are compared to 2019’s third quarter, but there is mounting speculation that there will likely be a year-over-year decline in living costs (at least…

Social Security 2100: The Coming Debate

It’s probably no secret to our site visitors that Social Security’s future is entering the home stretch toward an insecure future–a future in which benefits could face cuts in the neighborhood of 20-25%, depending on which pundit you subscribe to. That…

The Social Security COLA – Not Keeping Up

A dollar ain’t what it used to be is what folks often say.  Social Security provides a cost of living adjustment (COLA) to all beneficiaries each January 1st.  Some years in the past decade have seen no COLA though, as…

COLA Watch: 2020

It’s way too early to project what the numbers will show when it’s time to post the Social Security cost-of-living adjustment (COLA) for 2020, but at least one source is saying a return to the zero COLA days might be in…

Four Key Social Security Facts for 2019

The Motley Fool’s Dan Caplinger, in a post on their website, discusses four significant facts for Social Security recipients in 2019. They include the 2.8% COLA, the change in retirement age affecting some, the new taxation limits for high wage earners,…

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