Blog
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Just when the Social Security Agency finally had a progressive, engaged commissioner in former mayor of Baltimore and governor of Maryland, he’s gone. Effective November 29th Martin O’Malley is resigning to run for chairman of the Democratic National Committee. Among other positive changes made during O’Malley’s all too brief tenure as commissioner was modification of…
yesterday -
The annual cost of living adjustment (COLA) for more than 72.5 million Social Security and SSI recipient for 2025 will be 2.5% as inflation comes under control. The COLA for 2024 was 3.2%. The average retiree will receive $48 more per month next year. The earnings limit for workers younger than full retirement age will…
a month+ ago
News
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Summer 2021 Newsletter STILL STANDING…AND PRACTICING I published the first issue of Social Security & You in Spring of 1993. Some years I’ve published more issues than others. The most recent issue was dated Spring 2019: over 2 years ago. The world was a much different place then. Especially for me. Read the full newsletter…
3+ years ago -
Spring 2019 Newsletter An Opioid Story I’ve changed his name. Let’s call him Gerald. He was a laborer. And by that I don’t mean that he just did physical work. He was a card-carrying member the Labor’s Union local. And that meant a lot to him. I represented him for Social Security disability and Michigan…
5+ years ago
COOLING INFLATION MEANS LOWER COLA FOR 2024
Social Security recipients saw a boost of 8.7% in their checks this year because of the high inflation we all have experienced.
And since inflation is coming down, a lower cost of living adjustment (COLA) is anticipated for 2024.
The Senior Citizens League, an advocacy group for seniors, estimates the COLA for next year will be 3.1%
COLA is determined using 3rd quarter data for the Consumer Price Index for Urban Wage Earners and Clerical Workers, or CPI-W.
The Social Security Administration officially announces COLA in the fall.
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