Your Money & Your Life Podcast
Business:Investing
In this episode, we’re taking a look at the new Social Security cost of living changes for 2024. Join Don and Marc as they decode the Consumer Price Index (CPI) and its impact on Social Security and retirement planning. They uncover the intricate world of CPI categories, from CPI-U to CPI-W, and how they determine Social Security cost of living adjustments.
Here are some questions we answer in this episode:
Resources for this episode:
https://en.wikipedia.org/wiki/Consumer_price_index
https://www.bls.gov/cpi/factsheets/common-misconceptions-about-cpi.htm
https://www.ssa.gov/oact/cola/latestCOLA.html
https://www.bls.gov/opub/hom/cpi/presentation.htm
https://www.ssa.gov/oact/cola/colaseries.html
https://www.bls.gov/news.release/cpi.t05.htm
https://www.investopedia.com/terms/c/chain-linked-cpi.asp#:~:text=Chain%2DWeighted%20CPI%20Example&text=Smith%20buys%20two%20pounds%20of,has%20risen%20to%20%246%20%2F%20lb.
https://www.ssa.gov/policy/docs/policybriefs/pb2008-03.html
Get in touch with Don and learn more: https://doncashpodcast.com/
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