• PRINT EDITIONS
  • | CONTACT
  • | TEL: 540.962.2121 | E: hello@virginianreview.com
Thursday, June 19, 2025
The Virginian Review
  • NEWS
    • NEWS CENTER
    • CRIME
    • COMMUNITY
    • LOCAL NEWS
    • STATE NEWS
    • NATIONAL NEWS
    • BUSINESS & TECH
  • Obituaries
  • GOVERNMENT
    • GOVERNMENT NEWS CENTER
    • CITY
    • COUNTY
    • STATE
  • Sports
    • SPORTS CENTER
    • LOCAL SPORTS
    • HIGH SCHOOL SPORTS
    • COLLEGE SPORTS
  • Entertainment
  • Public Notices
    • LEGAL NOTICES
    • PUBLIC ANNOUNCEMENTS
    • STATEWIDE LEGAL SEARCH
  • The Shadow
No Result
View All Result
  • NEWS
    • NEWS CENTER
    • CRIME
    • COMMUNITY
    • LOCAL NEWS
    • STATE NEWS
    • NATIONAL NEWS
    • BUSINESS & TECH
  • Obituaries
  • GOVERNMENT
    • GOVERNMENT NEWS CENTER
    • CITY
    • COUNTY
    • STATE
  • Sports
    • SPORTS CENTER
    • LOCAL SPORTS
    • HIGH SCHOOL SPORTS
    • COLLEGE SPORTS
  • Entertainment
  • Public Notices
    • LEGAL NOTICES
    • PUBLIC ANNOUNCEMENTS
    • STATEWIDE LEGAL SEARCH
  • The Shadow
No Result
View All Result
The Virginian Review
No Result
View All Result

VADOC Prepared for Summer Temperatures

June 18, 2025

Warner, Kaine, Scott Urge EPA to Reinstate Funding for Cancelled Community Resilience Grants

June 18, 2025

Governor Glenn Youngkin Announces Record Applications from Contractors and Tradesmen for Licensure in Virginia

June 18, 2025
Congratulations to Brooke Justus, an 11th-grader from the Burton Center for Arts and Technology in Salem, for winning Virginia’s Sixth District Congressional Art Competition. Her picture on the wall behind us, “A Roanoke Forest,” is officially hanging up in the United States Capitol and will be showcased all year.

Sixth District Perspectives with Congressman Ben Cline

June 18, 2025

Congressman Ben Cline Receives Champion of Limited Government Award

June 18, 2025

Tags

Alleghany Alleghany County Bath County Business Cat Clifton Clifton Forge College Community County Covington Dear Abby District Echoes of the Past Education Family Featured Forge Game Health Home Individual Information Law Meeting Nation Night Office OK Parent Past People Rent Report Road School Street Student Team Time Tree VA Virginia War West
QR Code

Social Security Adjustment Projected At 1.3 Percent

by The Virginian Review
in News
March 20, 2021
Reading Time: 2 mins read
0
2
SHARES
14
VIEWS
Share on FacebookShare on TwitterEMAIL

WASHINGTON — Social Security recipients are likely to get a 1.3 percent cost of living adjustment in 2021, making it the second lowest ever paid, according to The Senior Citizens League.
“Our forecast is based on Consumer Price Index  through August, and there is still one more month of consumer price data to come in before we get the official announcement in October, says Mary Johnson, Social Security policy analyst for The Senior Citizens League.
Based on historic trends, there’s only a 5 percent chance that the COLA could rise above 1.3 percent and a 15 percent chance that it could be lower.
Although the inflation rate during May through August suggests the COLA could go up to 1.4 percent, the more recent three — month rate from June through August, and a new downward trend in gasoline prices seem to indicate it will probably be 1.3 percent,” Johnson said.
Should the forecast prove to be correct, this would make the fifth time since 2010 that there will be an extremely low, or even no, annual inflation adjustment.  
“This is more evidence that our system to adjust benefits for inflation, is broken,” Johnson said.
The COLA was zero in 2010, 2011, and 2016.  It was just 0.3 percent in 2017.   Since 2010, annual COLAs have averaged 1.4 percent.
According to The Senior Citizens League, benefits have lost 30 percent of their purchasing power since the year 2000.
The Social Security Administration uses a formula to determine what the COLA will be each year. It is based on increases in the Consumer Price Index for Urban Wage Earners and Clerical Workers, which are calculated on a monthly basis by the Bureau of Labor Statistics. Benefits will increase if there is a measurable increase in the index year over year.
The Social Security COLA is expected to be announced Oct 13.

This page is available to subscribers. Click here to sign in or get access.

The Virginian Review

The Virginian Review has been serving Covington, Clifton Forge, Alleghany County and Bath County since 1914.

Related Posts

State News

VADOC Prepared for Summer Temperatures

June 18, 2025
State News

Governor Glenn Youngkin Announces Record Applications from Contractors and Tradesmen for Licensure in Virginia

June 18, 2025
Youngkin outlines more concerns about nixed Ford plant talks
State News

Governor Glenn Youngkin Announces New Farm Cidery in Augusta County

June 17, 2025
State News

Governor Glenn Youngkin Announces Medallia Launches New Corporate Office in Fairfax

June 17, 2025
Load More
Next Post

Church News 9/19/2020

The Virginian Review

Serving Covington, Clifton Forge, Alleghany County and Bath County Since 1914.

Information

  • Privacy Policy
  • Terms & Conditions
  • Careers
  • Contact Us

© 2022 The Virginian Review | All Rights Reserved. | Powered by Ecent Corporation

No Result
View All Result
  • Menu Item
  • __________________
  • Home
  • Editions
  • News
    • Community
    • Government
  • Obituaries
  • Sports
  • Public Notices
    • Public Announcements
  • The Shadow
  • __________________
  • Contact Us
  • Careers
  • Subscribe
  • Terms & Conditions
  • Privacy Policy

© 2022 The Virginian Review | All Rights Reserved. | Powered by Ecent Corporation

Published on September 18, 2020 and Last Updated on March 20, 2021 by The Virginian Review