The April 2020 CPI-W is 249.515.
This is below the 2019 benchmark average CPI-W for July, August and September.
If this trend continues, there will not be a 2021 COLA unless Congress take special action.
Financial Planning-Health Care-Social Security-Retirement Planning and Related Public Policy Issues
No need to worry about a COLA in 2021. I just received our $2,400 stimulus payment that equals 14.85 percent of our Social Security benefit. Now my emergency fund has $7,776 and growing every month. Life is great, new 2020 Ford Edge, first car payment since 1986 and I am still able to save $1,000 per month above expenses.
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