Tag: SS COLA

Yield sign on a road with fall foliage that says Social Security COLA increase ahead

With the release of the September CPI-W inflation number, the Social Security Administration announced that the COLA for 2024 will be 3.2 percent (see Figure 1).  The adjustment is based on the increase in the CPI-W for the third quarter of 2023 over the third quarter of 2022.  Some bemoan that this year’s COLA is…

Portrait of modern senior woman with shopping cart choosing fruits and vegetables in supermarket

The Social Security Administration recently announced that in 2017 beneficiaries will receive a cost-of-living adjustment of 0.3 percent, after having received no increase for inflation in 2016.  Automatic indexing is generally viewed as a positive feature of social security systems, both in the United States and abroad.  Without such automatic adjustments, the government would hav…