Shithead is gonna screw up our COLA isn't he???

[WePurrsevere]

4. No, the president has NO say over Soc Security's recipients COLA. Any increase we get...

is automatic and falls under the Social Security Act. If we don't get an increase it's because the CPI-W formula they use says there's no "inflation" to justify it OR because our cost of Medicare went up and wiped out the increase in benefits we got (our benefit amount can't go down only stay the same or increase).

Thankfully there's no increase in our Medicare cost next year (let's not get into the years after.. grr) and inflation is over 2% and, although it's a bit early to say, experts are saying we should get over a 2% increase, quite possibly the highest in years, that we'll actually see in our bank account.

The COLA will be announced in October. Let's keep our fingers crossed the increase breaks the 3% mark. It's still not enough and Dems really should run on changing it to the more accurate CPI-E for elderly and disabled but it'll probably be higher than this year's was and we get a one year break in Medficare cost increases.

Sources:
https://www.usatoday.com/story/money/personalfinance/retirement/2018/08/28/social-security-recipients-could-see-big-raise-cola/37544173/
https://www.snopes.com/fact-check/unsweetened-cola/
https://www.ssa.gov/OACT/COLA/latestCOLA.html