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Why is your COLA increase so low? Here’s an analysis.
On the heels of a few zero increase years since 2009, Social Security recently announced that the COLA for 2017 would be a paltry 0.3%, amounting to an average of about $5 additional benefit. So why was this increase so low? Well to understand that you need to look at how COLA is calculated and which inflation factors affect it most. This Motley Fool article by Sean Williams explains. Click here to see more.
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