The record setting inflation numbers being reported all year have led to speculation on what the Cost of Living Increase for Social Security recipients might be in 2023. COLA is figured on the Consumer Price Index for Urban Wage Earners (CPI-W) for the third quarter (July, August & September) of the current year of the…
We have all seen the “temporary” surcharges as inflation has eroded buying power. A $.50 gas bump. Something similar for meat. In recognition Congress is considering a $200 per month bump for Social Security beneficiaries. A bill introduced by Representative Peter DeFazio (D-Ore.) & Senator Bernie Sanders (I-Vt.) would add another $200 to Social Security…
Summer 2021 Newsletter STILL STANDING…AND PRACTICING I published the first issue of Social Security & You in Spring of 1993. Some years I’ve published more issues than others. The most recent issue was dated Spring 2019: over 2 years ago. The world was a much different place then. Especially for me. Read the full newsletter…
Spring 2019 Newsletter An Opioid Story I’ve changed his name. Let’s call him Gerald. He was a laborer. And by that I don’t mean that he just did physical work. He was a card-carrying member the Labor’s Union local. And that meant a lot to him. I represented him for Social Security disability and Michigan…
The Social Security Administration has announced there will be no Cost of Living Adjustment in 2016 for the nearly 65 million Americans drawing Social Security disability, retirement or SSI benefits. This is because there was no inflation between the third quarter of 2014 and 2015 as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
This means there will not be an increase in the maximum of earnings subject to the Social Security tax, as well as the retirement earnings test amounts.
More information can be found at www.ssa.gov.