Sep 22, 2019

COLA To Be 1.6 Or 1.7%?

     USA Today estimates that this year’s Social Security Cost Of Living Adjustment (COLA) will be 1.6 or 1.7%.

4 comments:

Anonymous said...

They really need to change that formula; we are not adequately being protected from inflation!

Anonymous said...

I'd say that's probably right. The first 2 months of the third quarter CPI-W are out, and they average 1.55% above last year's third quarter CPI-W, the baseline for the COLA. If the CPI-W for September is exactly the same as the August value, the COLA will be 1.5%. If it's a little bit higher, the COLA will be 1.6%. It could be a little higher or lower, but even 2% is very unlikely.

Anonymous said...

Something is better than nothing. Seems like no matter what the increase is or if there isn't one, people complain.

Anonymous said...

And it will likely be swallowed entirely by a rise in Part B premiums for the vast majority of beneficiaries.