2019 COLA announced 2.8% (US)

[Rooster]

Social Security COLA set for 2.8% increase in 2019

By Jeffry Bartash

Published: Oct 11, 2018 8:34 a.m. ET

WASHINGTON (MarketWatch)- Americans who collect Social Security are expected to received a 2.8% increase in their monthly payouts in 2019, based on an unofficial look at how cost-of-living adjustments are calculated. That would mark the biggest increase in seven years. An official announcement should come soon. The extra benefits kick in on Jan. 1. Annual increases in Social Security are determined every year based on changes in a component of the consumer price index known as CPI-W. The final CPI report on which the calculations are made was released Thursday. Social Security recipients got a 2% cost-of-living adjustment in 2018 and 0.3% in 2017. These annual increases are meant to keep up with inflation.

https://www.marketwatch.com/story/social-security-cola-sete-for-28-increase-in-2019-2018-10-11

[marine6357]

Also found that there will be a very small increase for medicare of only $1.50 per month. Is not too bad it wont erode and increases to SSI significantly.

 

https://www.forbes.com/sites/ashleaebeling/2018/10/11/social-security-benefits-will-rise-2-8-in-2019-while-maximum-taxable-earnings-will-increase-3-5/#4752a26affc9

Edited October 12, 2018 by marine6357

[JJReyes]

50 minutes ago, marine6357 said:

Also found that there will be a very small increase for medicare of only $1.50 per month. Is not too bad it wont erode and increases to SSI significantly.

This is significant because your Medicare premiums increase nearly proportional to any Social Security increases. In other words, the government gives with the right hand and takes it back with the left. I will wait for the manual sent to all recipients. There might be a catch such as higher initial co-pay or limited maximum benefits.