Tag: cost of living
Over the past few months, there has been much discussion on the estimated Cost-of-Living Allowance (COLA) for 2023. We’ve had various estimates ourselves, but without the final CPI-W numbers, it was largely speculation, especially early in the year. The Verdict The final COLA, effective Jan 1, 2023, will be 8.7%. This figure applies to Social
I’ve seen a ton of articles lately on the projected 6.2% Cost of Living Adjustment (COLA) that will be afforded to many local, state, federal, railroad, and military pension (including VA benefits) recipients, and Social Security beneficiaries. Let’s talk about why this may not be a good thing like many people believe.