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Aug 18, 2024

COLA Prediction

     One expert is predicting a 2.6% Cost Of Living Adjustment (COLA) in Social Security benefits this year. We'll know in a couple of months.

2 comments:

  1. How is the COLA a fair assessment of our living conditions if it excludes food and energy?

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  2. @11:10 SSA uses the CPI-W as published by the BLS, which includes: food and beverages, housing, apparel, transportation, medical care, recreation, education and communication. Utilities cost is included within housing according to the BLS.

    The general criticism of SSA using the CPI-W for disabled folks is disabled individuals experience different costs than working folks, such as: medical (way more), transportation (less), apparel (a little less), and recreation (less).

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