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The earlier estimates of 5.3% & 6.2% were close but the actual cost of living increase (COLA) for Social Security recipients turns out to be 5.9%. The COLA is figured by the rise for the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) through the third quarter of the prior year.
yesterday -
The Senior Citizens League estimated earlier this year the Cost of Living Adjustment for Social Security benefits would rise 5.3% for 2022. That estimate has now jumped to 6.2%. The COLA is determined each year by the rise in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) through the third quarter…
a month+ ago
News
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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…
5+ months ago -
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…
2+ years ago
CURRENT ESTIMATE OF 2022 COLA EVEN HIGHER
The Senior Citizens League estimated earlier this year the Cost of Living Adjustment for Social Security benefits would rise 5.3% for 2022. That estimate has now jumped to 6.2%.
The COLA is determined each year by the rise in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) through the third quarter of the prior year.
The estimated hike would be the highest since the 7.4% increase in 1983.
Call today if you have questions about the Michigan Social Security Disability Attorney and Lawyer Services provided by William Crawforth.
To schedule an appointment call 800-864-1244 or fill out the contact form at the top of this page.
