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CPI-W up 0.1% since last month, 0.7% over the past year. August number: 234.909. The 3rd quarter CPI-W average for 2014 (baseline figure, the number to beat) is234.242. https://www.ssa.gov/oact/STATS/avgcpi.html
For this 3rd quarter the numbers thus far are 234.789 and 234.909 . (average - 234.849)
CPI-W up 0.1% since last month, 0.7% over the past year. August number: 234.909. The 3rd quarter CPI-W average for 2014 (baseline figure, the number to beat) is234.242. https://www.ssa.gov/oact/STATS/avgcpi.html
For this 3rd quarter the numbers thus far are 234.789 and 234.909 . (average - 234.849)
Based on those numbers and historical data I would guess that unless something changes in the last two quarters there will not be a COLA increase this coming year. So far I haven't seen much of a change in prices either so it would go along with that.
Based on those numbers and historical data I would guess that unless something changes in the last two quarters there will not be a COLA increase this coming year. So far I haven't seen much of a change in prices either so it would go along with that.
Only this (3rd) quarter counts. So, we will have our answer in October when the September CPI-W is released. I've seen COLA predictions of 0.2%, 0.3% and "less than 0.5%". I think it would be helpful if retirees could mentally prepare themselves for a less than 0.5% COLA but...
Only this (3rd) quarter counts. So, we will have our answer in October when the September CPI-W is released. I've seen COLA predictions of 0.2%, 0.3% and "less than 0.5%". I think it would be helpful if retirees could mentally prepare themselves for a less than 0.5% COLA but...
That for many will be a challenge and just contribute to the income angst many experience.
Eight plus years into retirement I can now fully understand the plight of those living on just SS or even SS with a pension if neither is receiving a COLA or a negligble COLA. Those posting about the costs of eggs and chicken are being honest about feeling the pain even if those prices didn't really go up.
Based on those numbers and historical data I would guess that unless something changes in the last two quarters there will not be a COLA increase this coming year. So far I haven't seen much of a change in prices either so it would go along with that.
Eight plus years into retirement I can now fully understand the plight of those living on just SS or even SS with a pension if neither is receiving a COLA or a negligble COLA. Those posting about the costs of eggs and chicken are being honest about feeling the pain even if those prices didn't really go up.
It is a lot worse for many of those who rent.
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