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Oct 7, 2019

COLA Announcement Coming On October 10

     The big announcement of Social Security's Cost Of Living Adjustment (COLA) is coming up on October 10. Expect it to be 1.5% or 1.6%.

1 comment:

  1. Drug prices remained mostly flat but healthcare costs up 4.5%, energy (very subject to location) up about 3% nationally, rent increases slowed but seem to be around 1.8%, food prices up between 0.5% to 1.5% (USDA). Gas was all over depending on state with new taxes adding to the costs.

    National average for wage increase is looking to come in around 3% but is highly dependent on job type.

    So I guess it kind of keeping up, or at least not losing ground as fast.

    Fyi, my position is capped at a 2% max wage increase this year.

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