Social Security

2020 Social Security COLA

Based on the last CPI-W for May, the next COLA may be as low as 1.4%

Still a few months to go before it can be finalized. The CPI-W for July, August and September is what matters.

Advertisements

6 replies »

  1. I never count on the COLA for my USAF retirement or Social Security. I always assume it will be zero, that way I am not disappointed when I get any increase. I limit my purchases to needs not wants and drive a 2006 VW Jetta with 153,000 miles, still going strong, because I am able to do all the required maintenance. I have $5,000 in my emergency fund and add $500 to it every month. I will be debt free in Dec 2019, moved all my debt to zero interest accounts 12 months ago and will be able to invest $1,000 per month starting in Jan 2020. DEBT is the biggest problem I see in people’s financial future. The only thing I will ever have on credit is a used car, less than $10,000 or a house. Currently on a 5 month trip visiting family and friends in GA, FL, VA, NC WVA TX CA using cash that was saved up over 18 months. Living great in Montana on $36,000 per year.

    Like

What's your opinion on this post? Readers would like your point of view.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s