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Topic: Cost of Living adjustment high as 5.3% Social Security 2022  (Read 3353 times)

calendria

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 :cat:

 :glasses-nerdy:

Cola Highest in 13 years!  Says Fox news.

https://www.thinkadvisor.com/2021/06/10/social-security-cola-estimate-for-2022-raised-to-5-3/

What You Need to Know:

It would be the largest increase since 2009, according to the Senior Citizens League, which produces the estimates.

The number is tied to a larger-than-expected rise in inflation.

The 2022 Social Security COLA will be announced in October.


May’s core CPI, which excludes food and energy, rose by a larger-than-forecast 0.7% from April and 3.8% from a year ago, the most since 1992, according to Bloomberg. For the past three months, this figure has increased at an annualized pace of 5.2%, which is the fastest since 1991.



linderlizzie

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Re: Cost of Living adjustment high as 5.3% Social Security 2022
« Reply #1 on: June 18, 2021, 07:52:34 pm »
Good to know. Thanks for the info.  :party:

sdenimandlace1

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Re: Cost of Living adjustment high as 5.3% Social Security 2022
« Reply #2 on: June 19, 2021, 03:20:56 am »
That would be great if it real happens.

bretay

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Re: Cost of Living adjustment high as 5.3% Social Security 2022
« Reply #3 on: June 19, 2021, 05:52:58 am »
cool that would be wonderful...   we will see...
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cathy37

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Re: Cost of Living adjustment high as 5.3% Social Security 2022
« Reply #4 on: June 19, 2021, 08:30:02 am »
That would be really great if that happened.  Everything is going up except our payments.  My retirement never gets an increase because it depends on the local government to increase what they pay in.

singletonb

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Re: Cost of Living adjustment high as 5.3% Social Security 2022
« Reply #5 on: June 19, 2021, 07:30:36 pm »
Thanks for the information.  I hope this really happens.
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Nancy5

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Re: Cost of Living adjustment high as 5.3% Social Security 2022
« Reply #6 on: June 20, 2021, 03:47:34 am »
That would be wonderful if it really happens.
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ktheodos

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Re: Cost of Living adjustment high as 5.3% Social Security 2022
« Reply #7 on: June 20, 2021, 09:00:51 am »
Likely due to inflation...partially as a result of the stimulus

potluck6

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Re: Cost of Living adjustment high as 5.3% Social Security 2022
« Reply #8 on: June 20, 2021, 12:03:51 pm »
I asked about. This. Here. Also talk. About. .200. 00 more a month yeah. Right.

plennis

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Re: Cost of Living adjustment high as 5.3% Social Security 2022
« Reply #9 on: June 20, 2021, 01:17:46 pm »
This would be great for seniors who paid in for their entire life.  Never seem to get much of an increase. 

calendria

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Re: Cost of Living adjustment high as 5.3% Social Security 2022
« Reply #10 on: October 15, 2021, 01:19:53 pm »
 :cat:

Decided!  We get a 5.9% increase !! Yay!   ;D

dreamyxo

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Re: Cost of Living adjustment high as 5.3% Social Security 2022
« Reply #11 on: October 15, 2021, 11:09:34 pm »
That's great.

sfreeman8

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Re: Cost of Living adjustment high as 5.3% Social Security 2022
« Reply #12 on: October 16, 2021, 08:07:25 am »
Now they're saying it will be 5.9%. That's fine but don't forget, Medicare will probably go up 5.8%. Every time we get a COLA, Medicare costs more, too and you wind up losing.

teresa3200

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Re: Cost of Living adjustment high as 5.3% Social Security 2022
« Reply #13 on: October 16, 2021, 12:53:22 pm »
That is a really high raise seniors will get. Good for them.

cateyes1

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Re: Cost of Living adjustment high as 5.3% Social Security 2022
« Reply #14 on: October 18, 2021, 08:18:20 am »
I hear 5.9 as well and that makes this senior sooooooooooo happy :)

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