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Post by steelpony10 on Jul 17, 2021 15:43:21 GMT
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Post by liftlock on Jul 18, 2021 0:04:46 GMT
Interesting article. I was surprised to learn that Social Security uses the 3rd quarter changes in CPI to determine COLA's for the next year.
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Post by yogibearbull on Jul 18, 2021 0:21:51 GMT
More precisely, adjustments to annual Social Security payments are based on y-o-y increases in the Q3 averages of CPI-W (July, August, September readings). There may be a huge increase in Social Security payments in 2022 based on anticipated high 2021/Q3 average for CPI-W vs 2020/Q3.
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Post by xray on Jul 18, 2021 17:49:11 GMT
yogibearbull, Then again, maybe not such a big increase. If we remember back a few years they "changed" the "rules" for defining inflation for us older people and we made much less than before. Why do I get the feeling that this may happen again.... Live Long and Prosper....
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