COLA

 Every year Social Security benefits are subject to a COLA, a cost of living adjustment. That COLA is based on third-quarter data from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The CPI-W measures changes in a number of key goods and services on a year-over-year basis. The CPI-W is the tool of choice for determining COLAs, and data derived from it during the year's third quarter is how next year's COLA will be established. And since that data won't be available until October 13th, seniors will have to wait a while longer to see what sort of raise they'll be getting in 2023. Todd will have more details on the COLA and more on this Saturday's Your Safe Money Show at 8 a.m. on Nice 95.5FM KBEK.