Post by Yahoo Finance

The latest inflation data may signal a modest cost-of-living adjustment (COLA) for Social Security recipients, according to a new projection. The Consumer Price Index released Tuesday reported inflation easing to 3.5% for the 12 months ending in June, down from 4.2% for the 12 months ending in May. Payments are adjusted each January to reflect rising consumer costs. The average COLA increase over the past 10 years has been 3.1%. Read more, from Hal M. Bundrick, CFP: https://yhoo.it/4yKJZTp