Talk of The Villages Florida - View Single Post - C O L up 2.5%
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Old 10-11-2024, 05:06 AM
klohmann klohmann is offline
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Default Cola raise
Quote:
Originally Posted by tophcfa View Post
Not sure how those stats are calculated, but does anyone in their right mind actually believe food went up only 2.3% in the last year?
Just to let folks know if they already don't:
COLA for SS is computed using the average of the last three months in a fiscal year:
July, August, and September and the same period from the year
before.
The formula used is:
PY = previous year
CY = current year
((CY-PY)/PY*100)/100

BTW July-September has also been noted as being the months that for some reason is generally a period where inflation slows and picked, according to the government as allowing enough time to compute and adjust payments for the COLA.