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Me, too, loveautumn. I just opened an email from AARP and there was an article about not counting on getting a COLA this year (2016).
But of course my health insurance will increase, etc. Groceries are going up. Thankfully my rent will remain the same unless NY state "needs" more money. So much for income-based rent.
I believe we have to wait for the beginning of October to know for sure, don't we?
I don't really know of a set date to get that information, but I have been hearing and reading a lot (not just AARP) that COLA for 2016 is nonexistent.
I don't really know of a set date to get that information, but I have been hearing and reading a lot (not just AARP) that COLA for 2016 is nonexistent.
Yes, there is a set date to get that information and it is three months hence. We go through this every year about this time; what you've been hearing and reading are projections that could change based on what happens with inflation between now and September 30.
It's in the SS Trustees report that just came out.
Due to oil dropping there's no inflation. No inflation means no COLA.
The Trustees did say that might change if something significant happens to cause inflation to skyrocket between now and when they make their official declaration.
If you dont drive much and dont have an oil heated house cheaper oil wont help you much.
Really?
You don't think airfares are affected by the price of oil?
How about cruises?
Or if you don't travel at all, how about just purchasing groceries? How do you think they are delivered to your local store? Don't you think that the price of oil just might have an effect on the price of food?
For that matter, you can include the cost of pretty much any product you buy.
You don't think airfares are affected by the price of oil?
How about cruises?
Or if you don't travel at all, how about just purchasing groceries? How do you think they are delivered to your local store? Don't you think that the price of oil just might have an effect on the price of food?
For that matter, you can include the cost of pretty much any product you buy.
They dont have to pass on costs savings and it depends on the hedges. Delta for instance hedged wrong and locked in at higher fuel rates.
Also depends on portfolio. You own Exxon, BP, Energy Junk bonds you can get killed with lower oil and if you already locked in your heating oil contract it does not help.
Also depends on portfolio. You own Exxon, BP, Energy Junk bonds you can get killed with lower oil
Hmm, I have to wonder what percentage of social security recipients own oil stocks and what percentage of the oil-stock-owning SS recipients would loose their sleep over no COLA ;-)
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