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Found 6 results

  1. Veterans may be in line for a big cost-of-living boost in their benefits payouts starting in December thanks to legislation finalized by Congress on Monday. Read: https://hadit.com/a-big-cost-of-living-boost-for-veterans/
  2. 2022 Cola is projected at 4.7%. https://www.myfederalretirement.com/2022-cola-estimate/ IMHO this is but a fraction of "real" inflation. A 2x4 that is 8 feet long, used to build a home, went from $2.25 last year to $8.45 today, about 400 percent. Gas has went way up, medicines are up, and, now there could be a beef/pork shortage. Shortages mean higher prices. https://nymag.com/intelligencer/2021/06/beef-shortages-probably-coming-thanks-to-jbs-hack.html
  3. According 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 security checks, probably.
  4. 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 pay raise effective Dec. 1, 2020 wont be reflected in our check until Jan.1, 2021. Source: https://www.moaa.org/content/take-action/cola-watch/ And: https://www.bls.gov/schedule/news_release/cpi.htm
  5. 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/
  6. 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
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