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The July COLA numbers are out, the latest value is 3.34%. The COLA for Social Security and other pension adjustments is taken from the July-September period so you've two more months to wait to see the final value. As noted in previous posts, you can check it at: National Active and Retired Federal Employees Association
The monthly updates are usually posted by the 18th of the following month.
It's good to remind ourselves that the Social Security COLA's are designed to keep us even with the purchasing power of our SS retirement benefits. So while it may seem like a good thing to get a nice COLA, that means only that there has been that much inflation, so we are not really "ahead". Likewise with the lack of a COLA, like in the past two years. In theory, we are not "behind" when we don't get a COLA, as it means there has not been substantial inflation. In fact, if there has been any deflation, we are actually ahead by not getting a COLA because there is no provision in the law for a negative COLA. By adding the words "in theory" I am acknowledging that the process is often less than perfectly accurate. There has been a lot of ink spilled on the best way to measure the cost of living to reflect the actual cost of living for the greatest number of people.
Well sure, thats because they make way more political contributions than the geezer group does. (Money talks, I think I heard someone say that once)
The Geezer Group had better get organized fast, both economically and politically (SS, senior services, etc), we are way too complacent (and ours was the generation in the 60s and 70s that protested at least one war, revolutionized American eating habits, fought pollution and environmental toxins, and are now sitting on our fluffy duffs--have we run out of steam?? )
Non snese the older groups are perhaps the most by per cenatge of voters of any demographic group. Why do you thnik politicians have been reluctant to even touch the big three in reformig them until now when they are approaching. One only has to look at all projects icluding CBO;SS trustees or medicar etrustees to se that they all bascailly say the same in projected growth and its meaning. badailly i time it will consume 16% of GDP if only contimued increased in funding.Right now all government spends about 18% of GDP.
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