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Significant inflation this year... check out the chart
MOAA's COLA Watch
Posted from moaa.org
Money
Economy
Shopping
COLA (Cost of Living)
Edited >1 y ago
Posted >1 y ago
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Thank you my friend Lt Col Charlie Brown for posting the link to the CPI chart pertaining to inflation and COLA predictions.
According to estimates by The Senior Citizens League (TSCL), Social Security recipients may get a 4.7% COLA in 2022. Based on consumer price index data through March 2021, the study suggests that the next COLA will be considerably higher in 2022 than the 1.3% COLA paid in 2021.
https://www.napa-net.org/news-info/daily-news/2022-social-security-cola-estimated-47
FYI Cpl James R. " Jim" Gossett Jr MSgt James Clark-Rosa Wayne Soares 1SG Dan Capri COL Mikel J. Burroughs SMSgt Lawrence McCarter CWO3 Dennis M. SSG Franklin Briant MSgt Dave Hoffman PO1 H Gene Lawrence SSG Michael Noll SSG William Jones SPC Diana D. Sgt (Join to see)
According to estimates by The Senior Citizens League (TSCL), Social Security recipients may get a 4.7% COLA in 2022. Based on consumer price index data through March 2021, the study suggests that the next COLA will be considerably higher in 2022 than the 1.3% COLA paid in 2021.
https://www.napa-net.org/news-info/daily-news/2022-social-security-cola-estimated-47
FYI Cpl James R. " Jim" Gossett Jr MSgt James Clark-Rosa Wayne Soares 1SG Dan Capri COL Mikel J. Burroughs SMSgt Lawrence McCarter CWO3 Dennis M. SSG Franklin Briant MSgt Dave Hoffman PO1 H Gene Lawrence SSG Michael Noll SSG William Jones SPC Diana D. Sgt (Join to see)
2022 Social Security COLA Estimated at 4.7%
Next year’s cost-of-living adjustment (COLA) for Social Security—a precursor of what can be expected for retirement plan contribution and benefit limits—could be the highest since 2009.
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It will be interesting to see what COLA will lock in at, and if that increase is approved.
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