C.O.L.A. for Social Security in 2021…

[LFC Comments: When we consider the ever increasing property taxes, and inflationary pressures, and the impact to state revenues, seniors living on fixed income are going to be in a real bind!]

*****

Social Security Announces 1.3% COLA For 2021, One of Lowest Ever Paid

October 21, 2020

Social Security recipients will receive an annual inflation boost of just 1.3% in 2021.  The increase is so small, it’s one of the lowest on record.  The 2021 cost of living adjustment (COLA) will increase the average retiree $1,523 benefit by about $20 per month to $1,543.  That increase is expected to be significantly offset, or even completely consumed, by rising Medicare Part B premiums.

The COLA was just 1.6% in 2020 and, over the past 11 years, COLAs have been at unprecedented lows, averaging just 1.4% since 2010.  That’s less than half the 3% that COLAs averaged from 1990 to 2009.

This minimal growth in Social Security benefits has had the biggest financial impact on the Social Security income of the group of the older retirees who retired in 2009 or before.  That group has seen little increase in net Social Security benefits for 11 years.  The flat growth in benefits means that younger retirees since 2009 have wound up receiving less Social Security income than they may otherwise have been counting on for future benefits, because the level of their initial benefits is not growing.

Why is the COLA so low?  A major reason has to do with whose “market basket” the government is using to measure inflation and calculate the annual adjustment.  Under current law, that market basket belongs to younger working adults under the age of 62 who aren’t retired.  The Social Security COLA is determined by the percentage change in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).



Categories: Uncategorized

78 replies

  1. Thanks in support of sharing such a fastidious opinion, piece of writing is good, thats why i have read it completely

  2. Hi there i am kavin, its my first occasion to commenting anywhere, when i read this article i thought i could also create comment due to this brilliant paragraph.

  3. Why visitors still use to read news papers when in this technological world all is presented on web?

  4. I quite like reading through an article that can make men and women think. Also, thank you for allowing for me to comment!

  5. Hi! This is my first comment here so I just wanted to give a quick shout out and say I really enjoy reading your articles.

    Can you recommend any other blogs/websites/forums that
    go over the same subjects? Many thanks!

  6. I’m pretty pleased to find this web site. I want to to thank you for ones time for this wonderful read!! I definitely appreciated every part of it and i also have you bookmarked to look at new information on your blog.

  7. Very nice post. I just stumbled upon your blog and wished to say that I’ve really enjoyed surfing around your blog posts. After all Ill be subscribing to your feed and I hope you write again soon!

  8. This design is incredible! You obviously know how to keep a reader entertained. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Excellent job. I really loved what you had to say, and more than that, how you presented it. Too cool!

  9. Way cool! Some very valid points! I appreciate you writing this article plus the rest of the website is really good.

  10. Greetings! Quick question that’s entirely off topic. Do you know how to make your site mobile friendly? My web site looks weird when browsing from my iphone4. I’m trying to find a theme or plugin that might be able to resolve this issue. If you have any recommendations, please share. Cheers!

  11. I think other web-site proprietors should take this website as an model, very clean and great user friendly style and design, as well as the content. You are an expert in this topic!

  12. Hi there it’s me, I am also visiting this web site regularly, this web site is
    truly pleasant and the visitors are in fact sharing good thoughts.

  13. I think this is among the most vital info for me. And i’m glad reading your article. But should remark on few general things, The web site style is perfect, the articles is really great : D. Good job, cheers

  14. Hi there! I’m at work browsing your blog from my new apple iphone! Just wanted to say I love reading your blog and look forward to all your posts! Carry on the fantastic work!

  15. You have brought up a very wonderful details, thankyou for the post.

  16. Hello! Would you mind if I share your blog with my myspace group? There’s a lot of folks that I think would really appreciate your content. Please let me know. Many thanks

  17. Some truly nice and useful information on this website, besides I think the design has got excellent features.

  18. I used to be suggested this website by way of my cousin. I am not sure whether or not this put up is written by means of him as no one else realize such
    special about my difficulty. You are incredible!
    Thank you!

  19. Really Appreciate this update, is there any way I can get an alert email whenever you publish a fresh article?

  20. Hi! I just wanted to ask if you ever have any issues with hackers? My last blog (wordpress) was hacked and I ended up losing several weeks of hard work due to no back up. Do you have any solutions to stop hackers?

  21. You actually make it seem so easy with your presentation but I find this topic to be really something which I think I would never understand. It seems too complex and extremely broad for me. I’m looking forward for your next post, Ill try to get the hang of it!

  22. I have been browsing online more than 3 hours today, yet I never found any interesting article like yours. Its pretty worth enough for me. In my view, if all site owners and bloggers made good content as you did, the web will be much more useful than ever before.

  23. Magnificent goods from you, man. I have understand your stuff previous to and you are just extremely great. I actually like what you’ve acquired here, certainly like what you are saying and the way in which you say it. You make it entertaining and you still take care of to keep it wise. I cant wait to read far more from you. This is actually a terrific web site.

  24. Heya! I just wanted to ask if you ever have any problems with hackers? My last blog (wordpress) was hacked and I ended up losing a few months of hard work due to no backup. Do you have any methods to protect against hackers?

  25. Howdy this is kinda of off topic but I was wanting to know if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding know-how so I wanted to get advice from someone with experience. Any help would be enormously appreciated!

  26. I journal frequently as well as I really cherish your material. This amazing short article has definitely peaked my passion. I am mosting likely to book mark your internet site as well as keep looking for unique data with regards to as soon as a week. I opted in for your RSS feed in addition.

  27. Hi! I know this is somewhat off topic but I was wondering which blog platform are you using for this website? I’m getting fed up of WordPress because I’ve had problems with hackers and I’m looking at options for another platform. I would be great if you could point me in the direction of a good platform.

  28. 930608 172829Some times its a discomfort within the ass to read what men and women wrote but this site is real user genial ! . 688282

  29. It’s an awesome piece of writing for all the web visitors;
    they will obtain advantage from it I am sure.

  30. Hi there, just wanted to tell you, I liked this post.
    It was inspiring. Keep on posting!

  31. Nice post. I learn something more challenging on different blogs everyday. It will always be stimulating to read content from other writers and practice a little something from their store. I’d prefer to use some with the content on my blog whether you don’t mind. Natually I’ll give you a link on your web blog. Thanks for sharing.

  32. Very quickly this website will be famous amid all
    blogging users, due to it’s nice articles https://parttimejobshiredin30minutes.wildapricot.org/ part time jobs hired in 30 minutes

  33. It’s the best time to make some plans for the future and it is time to be happy. I’ve read this post and if I could I wish to suggest you few interesting things or advice. Maybe you can write next articles referring to this article. I want to read even more things about it!

  34. Hello. magnificent job. I did not anticipate this. This is a fantastic story. Thanks!

  35. Hello there, just became aware of your blog through Google, and found that it’s really informative. I am gonna watch out for brussels. I will be grateful if you continue this in future. Numerous people will be benefited from your writing. Cheers!

  36. Hi there are using WordPress for your blog platform? I’m new to the blog world but I’m trying to get started and create my own. Do you require any coding knowledge to make your own blog? Any help would be greatly appreciated!

  37. I write usually as well as I seriously respect your material. This amazing article has honestly actually peaked my rate of interest. I am likely going to book mark your internet site and keep checking for new details regarding as soon as a week. I opted in for your RSS feed additionally.

  38. Pretty nice post. I just stumbled upon your blog and wished to say that I’ve truly enjoyed browsing your blog posts. In any case Ill be subscribing to your rss feed and I hope you write again very soon!

  39. You have a precious natural talent. Your freelance writing capabilities are simply impressive. Kudos for posting content on the net and enlightening your visitors.

  40. I’m amazed, I must say. Seldom do I come across a blog that’s both educative and amusing, and let me tell you, you’ve hit the nail on the head. The issue is an issue that too few men and women are speaking intelligently about. Now i’m very happy that I found this in my search for something concerning this.

  41. Wohh just what I was looking for, thanks for putting up.

  42. Great post. I am facing a couple of these problems.

  43. It’s the best time to make some plans for the future
    and it’s time to be happy. I’ve read this post and if I could I wish to
    suggest you few interesting things or advice. Maybe you
    can write next articles referring to this article. I desire to read even more things about it!
    quest bars https://www.iherb.com/search?kw=quest%20bars quest bars

  44. Oh my goodness! Awesome article dude! Many thanks, However I am having issues with your
    RSS. I don’t understand why I can’t subscribe to it.

    Is there anybody else getting similar RSS problems?

    Anybody who knows the solution can you kindly respond?
    Thanx!! scoliosis surgery https://0401mm.tumblr.com/ scoliosis surgery

  45. Appreciate the recommendation. Let me try it out. scoliosis surgery https://coub.com/stories/962966-scoliosis-surgery scoliosis surgery

  46. If some one desires expert view regarding blogging then i propose him/her to pay a visit this blog,
    Keep up the fastidious job. cheap flights http://1704milesapart.tumblr.com/ cheap flights

  47. Highly energetic blog, I enjoyed that bit. Will there be a part 2?
    quest bars http://bit.ly/3jZgEA2 quest bars

  48. Hi there, I enjoy reading through your article. I like to write a little comment to support you.

    asmr https://app.gumroad.com/asmr2021/p/best-asmr-online asmr

  49. whoah this blog is wonderful i like reading your posts. Keep up the good work! You recognize, a lot of persons are looking round for this information, you could help them greatly.

  50. Your way of explaining the whole thing in this post is truly nice,
    every one be capable of easily be aware of it, Thanks a lot.

  51. Great beat ! I would like to apprentice while you amend your website, how could i subscribe for a blog web site?
    The account aided me a acceptable deal. I had been a little bit
    acquainted of this your broadcast provided bright clear concept

  52. Asking questions are actually good thing if you are not understanding anything entirely, but this paragraph presents
    nice understanding yet.

  53. Hmm it appears like your website ate my first comment (it was super long) so I guess I’ll
    just sum it up what I submitted and say, I’m thoroughly enjoying your blog.
    I as well am an aspiring blog blogger but I’m still new to the
    whole thing. Do you have any points for newbie
    blog writers? I’d definitely appreciate it.

  54. I really like it when people get together and share thoughts.

    Great website, stick with it!

  55. I’m gone to say to my little brother, that he should also pay
    a quick visit this website on regular basis to obtain updated
    from latest gossip.

  56. Ahaa, its pleasant discussion regarding this post
    at this place at this web site, I have read all
    that, so now me also commenting here.

  57. Hello great blog! Does running a blog like this require a great deal
    of work? I’ve virtually no expertise in programming but
    I was hoping to start my own blog soon. Anyways, should you have any recommendations or techniques for
    new blog owners please share. I know this is off topic however I just wanted to ask.
    Kudos!

  58. I simply could not go away your site before suggesting that I actually enjoyed the standard information a person provide for your visitors? Is gonna be back steadily in order to check up on new posts.

  59. I don’t even know how I ended up here, but I thought this post was great.
    I do not know who you are but definitely you are going to a famous blogger if you
    are not already 😉 Cheers!

  60. I’m not that much of a internet reader to be honest but your blogs really nice, keep it up! I’ll go ahead and bookmark your website to come back down the road. Many thanks

  61. Hey just wanted to give you a quick heads up. The words in your article seem to be running off the screen in Opera. I’m not sure if this is a formatting issue or something to do with browser compatibility but I thought I’d post to let you know. The style and design look great though! Hope you get the issue solved soon. Many thanks

  62. Hey there! This is my first visit to your blog! We are a team of volunteers and starting a new initiative in a community in the same niche. Your blog provided us useful information to work on. You have done a marvellous job!

  63. This is a great web site, would you be interested in doing an interview regarding just how you designed it? If so e-mail me!

  64. Heya this is kinda of off topic but I was wondering if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding skills so I wanted to get advice from someone with experience. Any help would be enormously appreciated!

  65. Do you mind if I quote a few of your articles as long as I provide credit and sources back to your website? My blog is in the exact same area of interest as yours and my users would definitely benefit from some of the information you provide here. Please let me know if this ok with you. Appreciate it!

  66. With havin so much written content do you ever run into any problems of plagorism or copyright infringement? My blog has a lot of unique content I’ve either created myself or outsourced but it appears a lot of it is popping it up all over the internet without my agreement. Do you know any techniques to help stop content from being stolen? I’d certainly appreciate it.

  67. Everything is very open and very clear explanation of issues. was truly information. Your website is very useful. Thanks for sharing.

  68. 123270 632840Extremely exceptional info can be identified on weblog . 749072

  69. 286800 897111you could have an perfect blog appropriate here! would you prefer to make some invite posts on my weblog? 825337

  70. Bseb Inter Registration Independent School Interview Questions Uk

    Feel free to visit my web blog … best books

  71. 937873 252486Top rated lad speeches and toasts, as well toasts. may possibly really well be supplied taken into consideration creating at the party consequently required to be a bit more cheeky, humorous with instructive on top of this. finest man speeches funny 235397

  72. I’d must examine with you here. Which isn’t one thing I often do! I take pleasure in reading a post that will make individuals think. Also, thanks for permitting me to remark!

  73. 485870 702007The other day, while I was at work, my sister stole my iPad and tested to see if it can survive a 40 foot drop, just so she can be a youtube sensation. My iPad is now destroyed and she has 83 views. I know this is totally off topic but I had to share it with someone! 84775

  74. 40867 582316This internet internet site is often a walk-through rather than the details you wanted about it and didnt know who ought to. Glimpse here, and you will certainly discover it. 890975

  75. 303607 575116Good post. I be taught one thing much more challenging on entirely different blogs everyday. It will all the time be stimulating to learn content material from other writers and apply slightly 1 thing from their store. Id desire to use some with the content material on my blog whether you dont mind. Natually Ill give you a hyperlink on your net weblog. Thanks for sharing. 182071

  76. DreamProxies – Lowest priced USA Private Proxies: Elite superior quality, Infinite bandwidth, 1000 mb/s superspeed, 99,9 uptime, Non continuous IP’s, Not any consumption polices, An array of subnets, USA or maybe The eu proxies – Obtain At this time – https://DreamProxies.com

Leave a Reply

Discover more from Lobbyists for Citizens

Subscribe now to keep reading and get access to the full archive.

Continue reading