Social Security Recipients May See a Significant COLA Increase Based on June Inflation Data
Recent inflation data from June suggests that Social Security recipients may receive another substantial cost-of-living adjustment (COLA) in January. The calculation is based on the Bureau of Labor Statistics' CPI-W, which showed a year-over-year increase of 3.5%, similar to broader consumer price trends.
Topics: consumer price index cost-of-living adjustment (COLA) inflation social security