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Old 07-17-2016, 12:23 PM
 
Location: Ohio
19,938 posts, read 14,253,131 times
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The CPI-W made a big jump in June from 234.444 to 235.308.

That puts the current COLA rate at 0.9% and any increase in CPI-W could push COLA over 1% for 2017.

Granted, June doesn't count (only July, August and September do), but it could be a harbinger of things to come.

https://www.ssa.gov/oact/STATS/cpiw.html
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Old 07-17-2016, 04:30 PM
 
Location: Los Angeles area
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Since the Social Security COLA works as follows:.........


"A COLA effective for December of the current year is equal to the percentage increase (if any) in the average CPI-W for the third quarter of the current year over the average for the third quarter of the last year in which a COLA became effective." (from a link within your link)


.......the "big jump" in June may be meaningful. Even if the CPI-W remains flat in July, Aug., and Sept., the higher level from June may be high enough to represent an increase over the third quarter of "the last year in which a COLA became effective".


It's all a tempest in a teapot, actually. For whom will a one percent COLA make any difference? For the near-destitute, it's not enough and for all the rest of us it's just not even noticeable.
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Old 07-17-2016, 04:40 PM
 
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If there is a COLA in 2017, Medicare will increase the Part B premium and it will more than likely result in a wash. That is reality, not pessimistic thinking.
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Old 07-17-2016, 07:10 PM
 
Location: East of Seattle since 1992, originally from SF Bay Area
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The SS COLA increase is never a raise, by definition it's due to a higher cost of living, and rarely is enough to offset that higher cost. Worse, it's not considering income tax, if that goes up and the CPI does not, we lose buying power.
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Old 07-18-2016, 06:56 AM
 
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Since July 1975 there have been only three times where there was a zero COLA; if 2017 follows suit it sends a very strong message.


January 2010 -- 0.0%
January 2011 -- 0.0%
January 2012 -- 3.6%
January 2013 -- 1.7%
January 2014 -- 1.5%
January 2015 -- 1.7%
January 2016 -- 0.0%
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Old 07-18-2016, 07:24 AM
 
Location: Central NY
4,682 posts, read 3,253,088 times
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It's possible I have posted this before in which case my apologies for being repetitive.

I am in a senior apartment where my rent is based upon my income.

Everyone received a letter in late 2015 stating that "they" (landlord) were given permission by the government to raise our rent.

My argument is since we are on fixed income and received no SS increase for this year, our income did not change. If rent is based on income, how is it possible to approve an increase in rent?
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Old 07-18-2016, 08:41 AM
 
Location: Los Angeles area
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Quote:
Originally Posted by katie45 View Post
Since July 1975 there have been only three times where there was a zero COLA; if 2017 follows suit it sends a very strong message.


January 2010 -- 0.0%
January 2011 -- 0.0%
January 2012 -- 3.6%
January 2013 -- 1.7%
January 2014 -- 1.5%
January 2015 -- 1.7%
January 2016 -- 0.0%
And what message would that be? The only message I can discern is that inflation has been quite low by historical standards. Do you actually think these COLA's are political decisions? No politician has any input into a given year's COLA determination. Faceless bureaucrats crunch the numbers according to formulas which are determined by law, so that even the number crunchers have no choice or leeway in the matter.
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Old 07-18-2016, 09:04 AM
 
10,373 posts, read 9,394,725 times
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Quote:
Originally Posted by Escort Rider View Post
And what message would that be? The only message I can discern is that inflation has been quite low by historical standards. Do you actually think these COLA's are political decisions? No politician has any input into a given year's COLA determination. Faceless bureaucrats crunch the numbers according to formulas which are determined by law, so that even the number crunchers have no choice or leeway in the matter.
Obviously the numbers used to lie to the public regarding inflation are false.

All of the years with zero COLA. . . those years we still had rent increases every year; utility cost increases; food increases; prescription cost increases, to name just a few.

So please tell me, our illustrious leaders, just what has remained flat or reduced in cost to justify no increase for three years, and if 2017 follows suit, four years. What a crock.
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Old 07-18-2016, 03:28 PM
 
Location: Los Angeles area
14,018 posts, read 17,751,136 times
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Quote:
Originally Posted by katie45 View Post
Obviously the numbers used to lie to the public regarding inflation are false.

All of the years with zero COLA. . . those years we still had rent increases every year; utility cost increases; food increases; prescription cost increases, to name just a few.

So please tell me, our illustrious leaders, just what has remained flat or reduced in cost to justify no increase for three years, and if 2017 follows suit, four years. What a crock.
Rent increases? Depends on the local real estate market where you live.

Utilities? Mine have been flat for many years.

Gasoline is down.

Clothing is flat.

Some food items have gone up, others are flat. Produce is fairly flat, although individual items go up and down depending on the season and the weather in the growing areas.
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Old 07-18-2016, 03:40 PM
 
Location: Southwest Washington State
21,919 posts, read 14,406,502 times
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RE taxes are going up (last year was an exception.)

Prescription drugs are up sharply this year.

The cost of housing is up sharply, at least in my area.

The costs of things like deodorant and razors and other personal grooming items are up.

The cost of beef is down slightly, but it is still much higher than in 2010.
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