COLA For 2013 Will Be Small

Aug 30, 2012 Comments Off on COLA For 2013 Will Be Small by

Social Security’s Cost of Living Adjustment (COLA) is based upon the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) for the last quarter of one calendar year and the first three quarters of the next. This means that the COLA for 2013 will be based upon the one year time period ending September, 2012. As of the last month for which figures are available, July, the COLA would be eight-tenths of one percent. This could certainly go up or down when the figures come in for July and August but it looks like we’re heading for a COLA of less than one percent.

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Charles Hall is the lead attorney for the Charles Hall Law Firm in Raleigh, NC. He has been practicing in the Social Security Disability law field since 1979, is published, and is ready to help new clients win their benefits in North Carolina.