Highest COLA in over ten years possible.

Based on the CPI- W just released for June by the BLS, the 2022 Social Security COLA may be as high as 5.1%.

The inflation rates for July, August and a September will determine the actual COLA for next year

5 comments

    1. The average for July, August, September over the previous years average is all that matters. The CPI-W for those months all have to be higher than June for it to be above 5.1%. Possible, but we just have to wait and see. On the other hand, that kind of inflation means we are paying quite a bit more for lots of things, so we may not be getting anywhere.

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    1. I looked at the assumptions from 2020 and my guess is it could easily be $160 unless they fudge the number again.

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