A good COLA is good news, but that means the not so good news of higher inflation.
If the April CPI-W of 249.332 were used in the COLA calculation, we would see 1.21% (rounded) COLA. But that is the high point of the year so far.
The average CPI-W for 2019 to date is 247.113 compared with the third quarter of 2018 at 246.352 which is the base used to calculate the final 2020 COLA.
While we have months to go, the trend is definitely up at this point.
Categories: Social Security