FIRE'd@51
Thinks s/he gets paid by the post
- Joined
- Aug 28, 2006
- Messages
- 2,433
I read something interesting in the WSJ this morning. As many of you know (at least those on SS), the COLA adjustment is figured by comparing the average CPI-W in the third quarter to that of the previous year's average, and calculating the percentage increase. Based upon numbers reported already, and expectations for future numbers, this increase is expected to be zero, or maybe even down a bit this year. However, unlike TIPS for example, the SS payment cannot be reduced by deflation. Also, if the SS payment doesn't increase, the Medicare Part B premium can't be increased (except for those whose Part B premium is means-tested), since by law, it's increase can't exceed the SS increase.
Social Security Benefit Unlikely to Rise
Social Security Benefit Unlikely to Rise