From CBS:
Seniors and millions of others on Social Security get an annual cost-of-living adjustment (or COLA) that's geared toward aligning their monthly checks with inflation. Next year, that COLA could be 3% — or even lower — based on recent inflationary trends, according to an early estimate from the Senior Citizens League.
The estimate is based on the 12-month average rate for the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), a basket of goods and services typically bought by workers, according to Mary Johnson, the Social Security and Medicare policy analyst at the Senior Citizens League. ...
5 comments:
SSA employees should get more than 3%. We have received less than the inflation rate for several years and have fallen behind.
Our increases are based on political decisions and we only received 1% for a couple of years.
Should have started a pool on that one!
It's too early even to guess.
I agree Social Security workers should get paid more. I am on SSDI and 3% gain sounds reasonable as long prices don't start going back up drastically. At least eggs are $2.49 per dozen instead of $5 now. I tell you, natural gas and electric bills need to come down though.. they went up like 35-40% for us.. crazy.
Too funny! Bet you were all for a fee increase.
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