entitlements

Why a COLA Just Got Sweeter

Weekly Economic News Roundup and Social Security COLAs
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Comments (1)
  1. Rick Shapiro says:

    Notice the ratchet. Per ssa.gov: “A COLA effective for December of the current year is equal to the percentage increase (if any) in the CPI-W from the average for the third quarter of the current year to the average for the third quarter of the last year in which a COLA became effective.”
    This means that a year in which there is any deflation will cause an increase in real ssa benefits for all years thereafter.

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