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Reply #17: That may be. COLAs have been based on inflation, CPI and on [View All]

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flamin lib Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-29-10 06:16 PM
Response to Reply #15
17. That may be. COLAs have been based on inflation, CPI and on
wage inflation at various times. The net change has been in the 1-2% range I believe.

If that is the case a 2% change in COLA will have little visible effect on individual recipients but the aggregate savings to the program could be dramatic.

If SS income is $1000/month and CPI/inflation/wages increase 4% the COLA would be $40 a month (480/year) and the 2% loss would account for $.80 a month. However the savings on 50,000,000 recipients could be of consequence.

Unless my math is as bad as it sometimes is . . .
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