If you’re looking for information on the upcoming COLA for 2019, please see Anticipating Social Security COLA 2019 – Where Are We Headed?
Update 10/13/2017: The Social Security COLA for 2018 has been announced at 2 percent.
Right about now, retirees and Social Security recipients are anxiously awaiting the Social Security Administration (SSA) announcement of what might be a Cost of Living Adjustment (COLA) (if there is one) for 2018. I say “if” because as we have seen in recent years, the COLA adjustment hasn’t always been there for the many who depend on it to survive in a very costly 21st century world. So, will it be all good news?
Social Security beneficiaries have lost almost one third of their buying power since the year 2000 as the cost of things purchased by these recipients, typically the elderly, have continually outpaced any inflation adjustments made by the government and the SSA according to a recent report by The Senior Citizens League (TSCL).Continue reading“Social Security COLA for 2018: Is It All Good News?”