COLA INCREASE 2023

[pacmanx1]

Way too early but we can dream.

Social Security Will Pay Out More Money Next Year. Here Is How Much You Could Get

Based on recent data on the Consumer Price Index for Urban Wage Earners and Clerical Workers, a bellwether for changes in prices for goods and services, "It is likely we're going to have a COLA closer to 8% than 3.8%," Social Security Administration chief actuary Stephen Goss said during a briefing last week, CNBC reported.

Social Security Will Pay Out More Money Next Year. Here Is How Much You Could Get - CNET

 

[Vync]

Too bad they can't do a mid-year COLA boost... Or better yet, do a long-needed proper inflation adjustment

[Carl the Engineer]

Well, in 20 days, half of 2022 will be gone.  So, you can make an arguement with what is known so far.  There is probably not enough time for everything rebound, so I think we will be in for a another good year for ssi, ssdi, VA comp, gov retirements, etc.

But, in the mean time, 30 bucks to fill the lawn mower is getting old,

Carl

[Dot09]

Yeah I agree I just paid 59 dollars to fill my scag lawnmower.

[deedub75]

The clock doesn't start until July 1, so we shall see.  

[Carl the Engineer]

We looks to be on a roll, just sayin,

Carl

2020	251.361	251.935	251.375	249.515	249.521	251.054	252.636	253.597	254.004	254.076	253.826	254.081
2021	255.296	256.843	258.935	261.237	263.612	266.412	267.789	268.387	269.086	271.552	273.042	273.925
2022	276.296	278.943	283.176	284.575

[Richard1954]

On a roll.. I don't know about that, what I have read though is that we can look forward to an 8 or 9 percent cost of living increase in 2023. They way things are going I thing that projection  is off by a few points. We will just have to wait and see, and hope we don't go bankrupt in the meantime.

Edited June 13, 2022 by Richard1954