It’s a situation that many retirees haven’t seen since 2012. A noticeable boost to net Social Security benefits is expected for 2019. While the annual cost of living adjustment (COLA) won’t be announced until October 1 ...
Category: Cost of Living Adjustment (COLA) Articles
What’s At Stake for Social Security Benefits In the Upcoming Election?
Mary Johnson, editor Voters are worried about the impact that midterm elections could have on Social Security benefits. The U.S. Congressional Budget Office estimates that recent tax reform will add $1.8 trillion to ...
Social Security Benefits Lose 34% of Buying Power Since 2000, 2019 COLA Could Top 3.3%
Social Security benefits have lost 34 percent of buying power since 2000, according to the 2018 Social Security Loss of Buying Power Study recently released by The Senior Citizens League. This is the biggest loss of buy ...
Is Your Social Security Benefit Keeping Up With Rising Costs? Probably Not
About half of participants in TSCL’s 2018 Senior Survey confirm that, after the deduction for their rising Medicare Part B premiums in 2018, they were left with no boost to their net Social Security benefit, or one that ...
How Using The Chained CPI To Calculate COLAs Would Affect Your Benefits
The newly enacted tax legislation calls for adjusting tax brackets and the standard deduction using the more slowly growing Chained consumer price index (CPI). What would switching to the new index for calculating Socia ...
Social Security COLAs Need to Double and Medicare Part B Increases Cut in Half, to Ensure Benefit Adequacy
(Washington, DC) – Social Security cost-of-living adjustments (COLA) would need to double their rate of growth and Medicare Part B premium increases would need to slow by half their historic rate to provide greater Socia ...
How A Provision of Tax Reform Increases Chances of Lower COLAs
By Mary Johnson, editor The main source of funding for Social Security comes from the payroll taxes that workers pay into the program. But there are two other sources of revenues: taxes that retirees pay on their Soc ...
Chained CPI Would Cut Average Social Security Benefits
(Washington, DC) – Higher taxes — lower benefits — more complexity. A new, more slowly growing consumer price index (CPI), known as the chained CPI, promises the worst of all worlds for tens of millions retirees, disabl ...
Why We Need A Better COLA
Social Security recipients will get 2% cost-of-living (COLA) adjustment effective January 2018. But despite it being the largest increase in five years, the news is being met with frustration from millions of retiree ho ...
Social Security Announces 2% COLA
Social Security recipients will receive the highest cost-of-living adjustment (COLA) in 5 years, effective January 1st. The Social Security Administration recently announced a COLA of 2%. While the boost is critically ne ...
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