Tag: SS COLA
Cost-of-living adjustment makes sure the backbone of our retirement system keeps pace with rising prices. 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…
This annual adjustment always raises the question of what’s the right price index. 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, bot…
