Higher COLA Predicted for 2018

Jun 6, 2017 / Michael Natalie, Horsesmouth Associate Editor

After several consecutive years of low cost-of-living adjustments, America’s seniors are now being given some cause for optimism.

The Senior Citizens League (TSCL) estimates next year’s cost-of-living adjustment will be 2.1%, a staggering improvement over last year’s paltry 0.3%. Indeed, the past few years of cost-of-living adjustments have averaged 1%, substantially below the Social Security Trustees’s intermediate projections of 2.6% per year.

 

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