Browsing Tag
Cost-of-Living-Adjustment (COLA)
107 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)
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
When Will Fatter 2022 Social Security Checks Arrive? (And More New Year Changes)
The New Year brings with it a 5.9% COLA increase for beneficiaries, but also a record Medicare Part B increase and some additional limit adjustments
4 Biggest Social Security Worries Heading Into 2022
A look at key factors including looming insolvency, inflation and demographic challenges facing the country’s largest entitlement program
It’s Official: 2022 Social Security COLA is Highest in 40 Years
5.9% cost of living adjustment announced this morning will boost the average monthly benefit by $92
Fresh New-Look Social Security Statement Debuts
Redesigned look and feel to statements replaces old text-heavy four-page document with two pages of “easy to read” boxes, charts and graphs