Social Security, Cost of living
Digest more
Consumer inflation rose to 3% in September, just shy of what experts expected, according to the Consumer Price Index report released Friday. The report from the Bureau of Labor Statistics showed prices rose 0.
As an example, a military retiree who receives $2,500 in retired pay will see a COLA increase of about $70 a month. For a veteran receiving $1,500 per month in benefits, the increase would be about $42 in 2026.
4don MSN
Social Security could adopt a ‘senior-friendly’ COLA index — but retirees still won’t get more money
Retirees should be wary of the Social Security Administration (SSA) basing their annual cost-of-living adjustment (COLA) on an inflation index more relevant to seniors.
Cost-of-living adjustments (COLAs) are a crucial part of the Social Security benefits program. A new report shows that COLAs are letting seniors down more often than not. The report says 69% of COLAs over the last 25 years fell short of what they should have been.
The phrase “cost of living” has been popping up a lot as inflation has boosted prices in the last few years. It’s also top of mind for policymakers — and for employers when they set salaries and benefits. But there are many ways to measure the ...