Author Topic: No COLA for 2016  (Read 1866 times)

Offline bigrod

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No COLA for 2016
« on: October 16, 2015, 01:34:52 AM »
No Cost-of-Living Adjustment for 2016
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No Cost-of-Living Adjustment for 2016
10/15/2015 10:30 AM EDT

Social Securitys annual cost-of-living adjustment (COLA) is an increase in the benefit amount people receive each month. By law, the monthly Social Security and SSI federal benefit rate increases when there is a rise in the cost of living.
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Offline Art, just a re(tired) Fil-Am

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Re: No COLA for 2016
« Reply #1 on: October 16, 2015, 02:01:16 AM »
No Cost-of-Living Adjustment for 2016
So, is that an indication that the U.S. economy is stable?
I know nothing about economics and how COLAs are calculated.
It wouldn't really concern me not getting a COLA as long the cost
of everything stays the same without creeping up in cost before the
new year and or that the USD exchange rate doesn't take a sudden nose dive. 
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Offline bigrod

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Re: No COLA for 2016
« Reply #2 on: October 16, 2015, 09:22:45 AM »
Art,

It is my understanding that because oil prices are so low this affected the CPI by it not rising.  So no increase in COLA.

Chuck
Life is  to short not to live it right the first time

Offline JoeLP

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Re: No COLA for 2016
« Reply #3 on: October 17, 2015, 09:51:02 AM »
so, by that logic, none of the politicians in washington are getting raises...right?  or welfare earners?  yeah, I'm being a smart-a--.  No need to answer.
In the land of the blind, the one eyed man is king.

Offline cvgtpc1

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Re: No COLA for 2016
« Reply #4 on: October 18, 2015, 11:55:01 PM »
Take it to a hidden forum and tell us how you really feel haha!

 


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