By Mary Johnson, editor Wall Street economists are in the midst of a growing debate over whether we are in for “the return of inflation.” (Oh, go ahead and snort. I did too when I first read about this.) Recently ...
Category: Cost of Living Adjustment (COLA) Articles
What’s Missing From Your Social Security Check? For Many — $247
By Mary Johnson, editor The announcement of the annual Social Security cost-of-living adjustment (COLA) for the following year is like watching Charlie Brown trying to kick a football. Charlie Brown, our beloved cart ...
Social Security Announces 1.3% COLA For 2021, One of Lowest Ever Paid
Social Security recipients will receive an annual inflation boost of just 1.3% in 2021. The increase is so small, it’s one of the lowest on record. The 2021 cost of living adjustment (COLA) will increase the average re ...
An Emergency 2.5% COLA Could Add $5,000 To Your Social Security Income Over the First Ten Years
By Mary Johnson, editor Use of a consumer price index (CPI) that does not reflect the costs experienced by retirees to calculate the annual cost of living adjustment (COLA) suppresses the amount of lifetime Social Sec ...
Low COLA & COVID-19 Costs Could Trigger A Medicare Premium Spike
When the Social Security Administration announced that the cost-of-living adjustment (COLA) for 2016 would be zero, a stunning thing occurred. The Medicare Trustees projected that the monthly Part B premium would increa ...
Retirement Benefits Could Be Subject To “Inaccurate CPI Information”
TSCL is forecasting a 1.3% Social Security cost-of-living adjustment (COLA) for 2021. Our forecast is based on the most recent consumer price data from the U.S. Bureau of Labor Statistics (through August) and uses the s ...
2021 Social Security COLA Likely To Be About 1.3%
(Washington, DC) – Social Security recipients are likely to get a 1.3 percent cost of living adjustment (COLA) in 2021, making it the second lowest ever paid, according to The Senior Citizens League (TSCL). “Our forecas ...
Coronavirus Throws Monkey Wrench Into COLA Calculations
By Mary Johnson, editor Impute. Today’s word comes to us from the economists at the U.S. Bureau of Labor Statistics (BLS). Since March of this year, they have been forced to use this estimation technique much more f ...
No COLA Expected For Next Year
By Mary Johnson, editor The coronavirus is creating especially challenging long-term impacts for the nation’s retirees. Coronavirus - caused deflation will likely obliterate the Social Security cost-of-living adjustm ...
Deflation Signals Zero COLA For 2021, Benefits Lose 30% Of Buying Power
Social Security benefits have lost 30 percent of buying power since 2000. These are the findings of an annual TSCL study that examines the adequacy of Social Security benefits in keeping up with the rising costs typical ...
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