Social Security

Possibility for Social Security 2017 COLA INCREASES … slightly 

The May CPI-W is 234.444. That’s good news for those hoping for an increase in their Social Security. 

However, the average measure for July, August and September 2016 must exceed 233.27. 👍

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Categories: Social Security

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4 replies »

  1. I am not sure an increase in inflation-tied benefits is something I would want in retirement; an increase is not really a “good thing” as it only reflects increases in my cost of living and these benefits are (hopefully!) only a small fraction of my overall resources to fund my retirement. I think I would prefer level benefits and no inflation.

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    • Take it from someone retired six years even with low inflation the bills go up especially property taxes and health care costs. Not to mention cable and utilities.

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  2. With gas and food prices going up almost daily, I think we might get a small COLA in 2017. It will not help much. I retired from the USAF in 1995 and worked part time until 2006. In the last 21 years my USAF pension is up 60%. Lot rent up 86%, food up 100% to 200%, or more depending on item. New cars up 150%. My standard of living has been flat most of my life and has only improved by my correct choices on how i spend or save my money; not on COLA or even limited pay raises. CHOICES in how we manage our limited resources is the best way to improve your standard of living.

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