Inflation Data Will Be Unavailable for 2024 Social Security COLA With Shutdown
The Social Security COLA would not be updated on the scheduled timeline of October 12 during a government shutdown.
Social Security COLA Projected at 3.2% Ahead of October Decision
The Social Security Administration will officially announce the adjustment rate on October 12, and it is projected at less than half of last year’s 8.7% hike.
Social Security Expansion Act Would Guarantee Solvency for 75 Years
The Democrat-sponsored bill has been referred to the Republican-controlled House Committee on Ways and Means.
Social Security Benefits Will Grow 5.9% in 2022 Amid Renewed Inflation Concerns
The important federal benefit increases when the cost of living rises, as measured by the Department of Labor’s Consumer Price Index for Urban Wage Earners and Clerical Workers, or the ‘CPI-W.’
AARP Launches Social Security Resource Center
The new website is designed to be a one-stop place for investors and retirees to have their Social Security retirement questions answered, including when to claim.
Social Security Benefits to Increase 2.8% in 2019
This is in keeping with a rise in the DOL’s Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).