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Veterans Cost of Living in 2022 could be big



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Sounds good, Tbird. The Senior Citizens League has been putting out their projections for COLA for several years and they are among the best in terms of accuracy based on how they do it. They just said last week they estimate the COLA for 2022 to be 6.0 or 6.1%. Hopefully, they are accurate again this year.

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    • By broncovet
      2022 Cola is projected at 4.7%.
      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.  
    • By broncovet
      According to the BLS website:
      Scroll down (for the CPI-W):
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    • By broncovet
      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.  
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      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.  
    • By broncovet
      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.   
    • By broncovet
      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. 
      If you like charts, MOOA explains how Cola is calculated based on only the summer and fall. 
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