HadIt.com Anniversary 24 years on Jan 20, 2021
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broncovet posted a question in VA Disability Compensation Benefits Claims Research ForumAccording to the BLS website: https://www.bls.gov/news.release/cpi.htm Scroll down (for the CPI-W): While I am quoting from the BLS website, regard this as an estimate only, the official one will follow. Therefore, my estimate is between 1.4% and 1.6%, with 1.5 percent the most likely Cola. For a SINGLE 100 percent Veteran, no dependents, this amounts to a raise of $46.59 per month increase to $3152.63 . Social Security recipients will also be the same: 1.5%, but, as was pointed out, our medicare premiums will go up, so we will see "less" increase in our social
For those interested in (maybe) a compensation increase, we could find out as soon as tommorrow, at 8:30 AM, when the Department of Labor releases the September numbers. Right now we are looking at an increase of 1.4%, but that could increase, decrease, or stay the same, depending upon the numbers (CPI-W) tommorrow. I will try to stay on top of it and post the numbers when I get them. It may be helpful for some, to know if/how much of a Cola we can expect for year 2021, which begins Dec. 1, 2020. (Social Security and Veterans benefits are paid "in arrears", which means that a
According to this, we are looking at "about" 1.3 percent Cola, but It could be better, or worse! However, most noticed food prices went up in the past few months. I am gonna guess 1.5 percent or better. My guess only. https://militarybenefits.info/cola-increase-watch/
According to this, we may get a Cola in 2021 after all! Remember, we only have to show inflation for 3 months out of 12: July, August, and September. I noticed lots of stuff is going up. People are charging more because of Covid 19. https://www.fool.com/investing/2020/07/25/good-news-you-might-get-social-security-cola-2021.aspx If you like charts, MOOA explains how Cola is calculated based on only the summer and fall. https://www.moaa.org/Content/Take-Action/COLA-Watch