CPI-W
Senior Citizens League pushes for More Effective COLA Process
It hasn’t really changed since cost-of-living adjustments (COLA) became a reality nearly 50 years ago, and the projected 2024 announcement was again based on use of the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), a statistic that…
Could hurricanes play important role in the 2024 COLA?
How will the heightened hurricane activity this season affect the 2024 Social Security cost-of-living- adjustment? Some experts are expectorating on how the storms will impact supply shortages and price increases. Gas prices contribute to the inflation index used for calculating…
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…
More on Social Security COLA Deficiencies
“Social Security’s annual COLA is failing the group of people it was most designed to protect: senior citizens.” This quote is excerpted from a post by The Motley Fool’s Sean Williams on www.fool.com, wherein he delineates several key reasons why the annual…
Dealing with Sub-Par COLAs
While the official announcement of 2019’s Social Security cost-of-living adjustment grinds toward its official release date, many of the pre-anouncement reports have been giddy about the possibility of a bump inching toward 3%. Not all of these reports have been…
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…