Social Security

2015 Social Security COLA – Latest projection based on June, July, August 2014 CPI-W

imageThe average CPI-W for June, July and August 2014 is 234.419. Compare this for the average during the same period during 2013 and you get an estimated Social Security COLA for 2015 of 1.75%

The actual increase will be determined based on the change in CPI-W in July, August and September 2014 over 2013. That information will be available in mid-October.

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19 replies »

  1. i hear many people who think cola forces up prices. apparently people dont use their brains anymore! if you get a cola a year and a half later it is impossible to raise prices because the prices alreadyhave gone up before you catch up approx. 15mo,s later. a ? i need to ask is why do those in power insist social security is in trouble when it has increased from 2.7 trillion to well over 2.8 trillion. somewhere around 130 billion dollars.

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  2. I have read by a highly-respected economist-historian thata Social Security benefits would be something like 50 percent higher if every administrations beginning with that of JFK had not tweaked the original cost-of-living increases ordered by the original Social Security Act of 1935 and given that money to other political takers.

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  3. I think that the cola should be figured on september-november.and all former pres should lose all income and med benefits when they leave office like we do when our job is gone.They should have to pay back all monies they have stolen from social security funds then even our children would see some benefits.WHY should we have to eat cat foo d just to service.gloken@

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    • What difference would changing the months used do? CPI could still go up or down. Exactly what do you mean about money stolen from Social Security funds?

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      • Following the “9/11” disaster – the trade towers being smoked, Bush robbed the Social Security Piggy bank (Lock Box) of approx. 1 Trillion bucks – to keep the country solvent, afloat. I understand that…but..Pay Back the Damn Money! If you or I screwed the Government out of even a thousand bucks, we’d go to Leavenworth! Right? C’mon!

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      • The CPI should be figured on the entire year not 3 months, our landlord has already eaten up twice the amount we will receive, that leaves us way behind on everything else

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      • It’s one three month average over the same three month period the year before so it does measure the change over twelve months.

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  4. If they take ALL the Money they are giving to ILLEGALS and give it to the Folks who have paid in that would HELP ALL US OLD FOLKS.Send the illegals home OR FILE A CLAIM AGAINST THEIR COUNTRY OR CONFISCATE WHAT EVER THEIR COUNTRY HAS IN AMERICA.

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  5. Why do they base the COLA on the July, August, September change rather then the full year change? It seems gas prices go down every year in those months but increase the rest of the year.

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    • The CPI-W is a running index, meaning each months CPI-W is calculated starting with the previous months index. So each months index is a reflection of all the previous months combined. They use the average of July, August, September to minimize the chance of a single month spike negatively or positively effecting the calculation. And they use those three months rather than October, November, December to give them time to implement the adjustment.

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  6. What we need to know is if Medicare will increase. I don’t know about everyone else, however, my food, car and homeowner’s insurance have all increased much more than the amount of increase I will be getting if this figure is accurate. There is hardly a way a senior can live in the community with HOA fees, increases in daily living expenses, etc without using credit cards (another issue) Credit card companies regardless of what one’s credit is, how long the account has been active and in good standing will not lower the interest rates so we seem to never get a break!! I wonder what private industry and federal increases are going to be?? If Medicare premiums increase then we are no better off than this year!!

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    • EVIE, THE MEDICARE INCREASE CAN NOT BE MORE THAN THE COLA PERCENTAGE RATE INCREASE. AS IT STAND NOW, THE 2015 MEDICARE PREMIUM WILL NOT INCREASE OVER A COUPLE OF BUCKS, AT MOST.

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    • Good points. Also, cable is going up about 30% because they are adding even more channels that very few people watch. I think they should let us pick 10 channels of our choice and stop all this nonsense of 250 and 300 channels and charging everyone more for everything. It could be called a Fixed plan or something. Basic isn’t enough, and expanded is too much.

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