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I have no idea where you came up with that link, but what that person wrote in his blog is nonsense. (Actually, I know what he was trying to say, but he said it quite poorly.) The fact of the matter is that in order for the 2015 COLA to be 1.65%, the third quarter average would actually have to decrease from the current level. IOW, we'd need deflation over the next three months to only get a 1.65% increase. If there was no change at all in the CPI-W over the next three months, the COLA would be approximately 1.9%.
Just because you find something on the Internet, that doesn't mean the information is correct.
I have no idea where you came up with that link, but what that person wrote in his blog is nonsense. (Actually, I know what he was trying to say, but he said it quite poorly.) The fact of the matter is that in order for the 2015 COLA to be 1.65%, the third quarter average would actually have to decrease from the current level. IOW, we'd need deflation over the next three months to only get a 1.65% increase. If there was no change at all in the CPI-W over the next three months, the COLA would be approximately 1.9%.
Just because you find something on the Internet, that doesn't mean the information is correct.
MadManofBethesda - you are clearly a brillant human-being to have come up with your comment.
Here is some more Internet information for people's consideration.
The cpi is a weighted price index and not a personal cost of living index. The cpi applys to no one in certain respects and everyone in other respects.
In fact no one owns a house in the index ,everyone is calculated as renting.
It was never meant to cover the cost of living increases in you personal life.
Being factually correct is important, but on a different level I don't see what all the fuss about the COLA is or why people bother discussing it. Whatever it turns out to be (and in a few more months we'll know) it will not be enough to affect anyone's life. It sort of, more or less, keeps us from falling behind if we live mostly or entirely on Social Security. (Please note the qualifiers).
Someone receiving a high, near maximum, monthly SS benefit of, say, $2300 a month will receive $43.70 a month more if the COLA is 1.9%. The range of variation possible in the COLA at this point is, well, pointless.
Of course, once the actual 2015 COLA is announced, the major annual big-time whining will begin about how it is not enough. It doesn't matter what it is, it will not be enough. How tiresome.
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