Tag: Social Security COLA
For CPI-E fans, the Social Security COLA would have been 4.8% rather than 5.9%. In light of the recent announcement of a 5.9% cost-of-living adjustment (COLA) for Social Security benefits in 2022, a reporter asked what the number would have been based on the often- advocated CPI-E – the experimental index for the elderly. My…
Shifting to CPI-E for retirees would involve a lot of pain for not much gain. This fall, Social Security is likely to announce a 6-percent cost-of-living adjustment (COLA) for 2022. Such a large COLA – the biggest in 40 years (see Figure 1) – is likely to reignite the debate over whether the government is…
