Social Security

Level of likely 2013 Social Security COLA declines in May

According to the Bureau of Labor Statistics, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 1.6 percent over the last 12 months to an index level of 226.600 (1982-84=100). For the month (of May) the index decreased 0.2 percent prior to seasonal adjustment.

This is the inflation indicator that determines the Social Security cost of living allowance.

For a more complete explanation read this post.

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