This recording presents the viewpoints of the AMAC Foundation’s Social Security Advisory Staff, trained and accredited under the National Social Security Advisors program of the National Social Security Association, LLC (NSSA). NSSA and the AMAC Foundation are not affiliated with or endorsed by the United States Government, the Social Security Administration, or any other state government. To request additional information, contact our Advisory Staff at 888-750-2622, or email us at [email protected].
Is there a table I can see that shows the inflation adjustment factor from every year from 1980 to present day?
Bernie:
The Social Security website Contains this information. You can find it at: https://www.ssa.gov/oact/COLA/colasummary.html. Click on the “COLA History” link and you’ll find the annual COLA applied year-by-year. If you want to see the actual CPI numbers that led to COLA calculation, click on the Consumer Price Index tab on the lefthand menu bar. Remember that Social Security only uses the third quarter numbers to do the year-over-year comparison.
If we can help you any further in this area, please contact our Social Security Advisory Service at 888-750-2622, or via email at [email protected].
Gerry Hafer
AMAC Foundation
Link to a Table with SSA inflation adjustment numbers for past years.
checking on COLA 2023
Steven:
As you probably know, we won’t see the actual 2023 COLA until October, after the CPI-W numbers for July thru August are known and compared to the same period in 2021. Current projections are consistently calling for an adjustment in the 7% to 8% range, although some have pegged it as high as 10.8%. See the post from our Social Security Report website earlier this week (https://socialsecurityreport.org/cola-watch-2023-an-even-higher-projection) for a recent projection. In any event, stay tuned to SocialSecurityReport.org for updates as we move thru the third quatrer.
Gerry Hafer
AMAC Foundation, Inc.