Your source for news affecting the U.S. Social Security Administration/© Charles T. Hall
The COLA will be determined on October 18 with the release of the September CPI-W. If that is the same as the August value, then the increase in the CPI-W from July-September 2014 to July-September 2016 will be 0.27%, which will be rounded to 0.3% to give the COLA. If the September CPI-W is higher than the August one, then about one-third of the percentage increase will be added to the 0.27% (and if it is lower, one-third will be subtracted). Since the CPI-W normally changes only a few tenths of a percent each month, a value between 0.2% and 0.4% is likely. However, bigger changes in the CPI-W are not that rare, so values from 0 to 0.6% are still possible.
The recent 5% increase in median household income would suggest a measurable increase in cost of living is coming. If not this year, then the next.
The COLA is calculated off of the wrong index. It is not a realistic index with the goods and services used by those on DIB and RIB with such a heavy slant toward medical and pharmacy. Those prices increased more than the COLA as well as rent, food and those pesky survival things.
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