What the CPI-W Is -- and Why It Determines Your Social Security Raise Every Year
Contrary to a common assumption, the inflation figure you hear discussed in-depth every month isn't the one used to determine Social Security's annual COLA.
Overview
Most investors know Social Security benefits are subject to an annual increase, and in most years, that increase is granted.
It begs the question, however: How exactly is this increase determined? Here's the answer.
Details
These yearly increases aren't arbitrary. They aren't determined by the Social Security Administration either.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.