Posted on May 17, 2021
Social Security's cost-of-living adjustment could be higher next year. But that doesn't...
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Next year’s Social Security cost-of-living adjustment could be 4.7%, according to a preliminary estimate.
The possible boost is based on calculations from Bureau of Labor Statistics data.
Just how much any increase will benefit retirees will depend a lot on inflation.
The possible boost is based on calculations from Bureau of Labor Statistics data.
Just how much any increase will benefit retirees will depend a lot on inflation.
Social Security's cost-of-living adjustment could be higher next year. But that doesn't...
Posted from cnbc.comPosted in these groups: Social Security AdministrationBureau of Labor Statistics
Economy
Money
Income
Economy Money Income
Edited >1 y ago
Posted >1 y ago
Responses: 7
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I'll believe it when I see it but then again remember Medicare cost will probably increase by about the same percentage.
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That looks like a pretty big increase, Lt Col Charlie Brown... I can't remember that the cost of living adjustment (COLA) has ever been that high...
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