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Old 08-19-2011, 06:25 AM
 
Location: Maryland
1,534 posts, read 4,259,724 times
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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.
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Old 08-19-2011, 02:09 PM
 
Location: Los Angeles area
14,016 posts, read 20,897,111 times
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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.
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Old 08-20-2011, 08:11 AM
 
Location: Sacramento
14,044 posts, read 27,206,341 times
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After two years without an increase, it will be interesting to see the public reaction if folks on Social Security get a COLA in the 4% range.

Should get some folks really riled up.
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Old 08-20-2011, 10:36 AM
 
Location: SW MO
23,593 posts, read 37,460,272 times
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Quote:
Originally Posted by NewToCA View Post
After two years without an increase, it will be interesting to see the public reaction if folks on Social Security get a COLA in the 4% range.

Should get some folks really riled up.
Count on it. There will be rants and raves about those awful, boomer old geezers stealing their childrens' futures while on the dole. Oh well!
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Old 08-20-2011, 04:46 PM
 
Location: Near a river
16,042 posts, read 21,962,233 times
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Corporations on the dole seem to getting COLA increases every year!
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Old 08-20-2011, 08:23 PM
 
Location: Maryland
1,534 posts, read 4,259,724 times
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Quote:
Originally Posted by newenglandgirl View Post
Corporations on the dole seem to getting COLA increases every year!


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)
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Old 08-20-2011, 08:46 PM
 
Location: Near a river
16,042 posts, read 21,962,233 times
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Quote:
Originally Posted by Pilgrim21784 View Post

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?? )
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Old 08-20-2011, 08:57 PM
 
48,502 posts, read 96,810,437 times
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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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