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(c) 2016 Jon L Gelman, All Rights Reserved.

Monday, November 4, 2013

Small Increase Predicted for Social Security COLA

Today's post comes from guest author Todd Bennett, from Rehm, Bennett & Moore of the Nebraska BA.


Social Security benefits are slated to go up, but not by much. “The cost-of-living adjustment in Social Security for 2014 is likely to be very small, marking the fourth year in the last five that recipients receive little or no increase in benefits,” according to a recent CNNMoney article.
Todd Bennett

The American Institute for Economic Research estimates the increase to be 1.4% to 1.6%.  Last year's increase was 1.7%, and the 2012 increase of 3.6% was the only “significant rise in benefits in recent years,” according to the article.

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