Search results
Results from the WOW.Com Content Network
Social Security's COLA represents the year-over-year percentage difference in average Q3 CPI-W readings, rounded to the nearest tenth of a percent. US Inflation Rate Chart
Data source: Social Security Administration. As shown above, CPI-E inflation averaged 3.4% through the first eight months of 2024. That is three-tenths of a percent above the average CPI-W reading.
Although the CPI-W is reported monthly, just the trailing-12-month readings ending in the third quarter (July, August, and September) are factored into Social Security's COLA calculation. If the ...
The Social Security COLA calculation uses data from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) released by the Bureau of Labor Statistics at a specific point in ...
Social Security's 2025 COLA: A prediction. The COLA is based on third-quarter inflation data-- specifically, changes in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W ...
The consumer price index for urban wage earners and clerical workers (CPI-W) is a continuation of the historical index that was introduced after World War I for use in wage negotiation. [23] As new uses were developed for the CPI, the need for a broader and more representative index became apparent.
The Social Security Administration (SSA) calculates the COLA with inflation data from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). That index differs from the ...
Image source: Getty Images. Next year's raise may be considerably lower than 2024's. In 2024, Social Security recipients saw their benefits rise 3.2%. Next year's COLA is shaping up to be much ...