Browsing Tag
Cost-of-Living-Adjustment (COLA)
111 posts
The cost-of-living adjustments (COLAs) for Social Security are a key feature designed to help benefits keep pace with inflation. See below for the link to 401(k) Specialists COLA page for a comprehensive history and explanation of how they came to be and how they work.
Social Security Cost of Living Adjustment (COLA)
You Won’t Believe the Size of This 2023 Social Security COLA Estimate
With high inflation, the Committee for a Responsible Federal Budget forecasts a range for next year’s Social Security cost of living adjustment that tops out in double digits
Majority Doubt They Will Receive Promised Social Security
New PlanGap study finds that Americans have many concerns about the future of Social Security, including the government’s ability to solve the issues
Bernie Sanders: Expand Social Security; Lindsey Graham: Take Less, Pay More
Recent debate highlights political differences as Sanders introduces bill to expand Social Security payments by $2,400 per year through lifting the earnings cap
Latest 2023 Social Security COLA Estimate Holds Steady (and Still Huge)
As today’s new Consumer Price Index report shows inflation accelerated further in May, The Senior Citizens League keeps its forecast for next year’s cost-of-living adjustment steady, which would still be the highest in 40 years
7 Bipartisan Ways to ‘Fix’ Social Security
Survey finds majorities of Republicans and Democrats favor raising Social Security taxes on wealthy and raising retirement age, while increasing benefits for low-income Americans
Social Security Gains Another Year of Solvency: 2022 Trustees Report
Just-released report extends timeline for full benefits by a year—with a darker side to rosier outlook
Social Security Benefits Lose 40% of Buying Power Since 2000; Latest 2023 COLA Estimate Drops
Slight tempering of inflation reported in today’s new Consumer Price Index data results in a slightly lower estimate for next year’s cost of living adjustment
2023 Social Security COLA Estimate Spiking with Inflation
The Senior Citizens League’s Mary Johnson ups her cost of living adjustment estimate from 7.6% to 8.9% after March CPI data shows the fastest rise in inflation since 1981
2023 Social Security COLA: Another Major Increase Likely
VERY early 2023 projection from The Senior Citizens League shows next year’s cost of living adjustment could far eclipse 2022’s 5.9% increase
Half of Social Security Beneficiaries May Pay Tax on 2022 Benefits
New survey from The Senior Citizens League shows retired and disabled taxpayers are “more uncertain than ever” about their tax liability this year