This year, consumer prices for July and August indicate next year’s COLA would be 1.4 percent. The price index for September — the final piece of the puzzle — will be released Tuesday. Several economists said they don’t expect it to change the projected COLA by more than a few tenths of a percentage point, if at all.
Vlasenko estimates the COLA will be from 1.5 percent to 1.7 percent. AARP estimates it will be about 1.5 percent.
Since 1975, the annual COLA has averaged 4.2 percent. Only five times has it been below 2 percent, including the two times it was zero. Before 1975, it took an act of Congress to increase Social Security payments.
‘‘Over the past year, consumer prices have only gone up a little bit,’’ Blau said. ‘‘By historical standards, it’s a very low rate of increase.’’
Social Security COLA: http://www.ssa.gov/cola/
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