From CNBC:
... The Senior Citizens League is a nonpartisan advocacy group for older Americans and has a history of accurately forecasting the annual change. The group estimates that the Social Security COLA for 2021 could be about 1.3%.
That is less than the 1.6% adjustment made for 2020 and one of the lowest increases Social Security has ever had. ...
The COLA will be based in the July, August and September 2020 CPI-Ws. We already know the first two of these, and the September number is probably going to be close to the August value. If it turns out to be exactly the same, then the COLA would be 1.2%, but it would take only a small increase to make it 1.3%. Since on average the CPI-W goes up a little, 1.3% is probably the most likely, but 1.2% is close. 1.1% or 1.4% are less likely but wouldn't be that surprising.
ReplyDeleteAnything else would require a large change in the CPI-W from August to September. One of the things that can cause a large change is energy prices, but gasoline prices have so changed only a few percent (a decrease) so far in September.
Better than nothing.
ReplyDelete