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Social Security COLA for 2017: Expect marginal increase, if any

What can we expect for cost-of-living adjustments for Social Security in 2017? Not much, experts say. Here's what they're predicting.

By Nick Thornton | Updated on October 05, 2016
Low inflation’s impact on Social Security cost-of-living adjustments will affect seniors who use it to fund retirement. (Photo: Getty)

Those holding their breath for a substantial bump in 2017’s cost-of-living-adjustment to Social Security benefits are most likely doing so in vain.

On October 18, the U.S. Department of Labor’s Bureau of Labor Statistics will officially announce the Social Security Cost-of-Living Adjustment rate for 2017, which is derived from averaging the July, August, and September inflation numbers from the Consumer Price Index for Urban Wage Earners and Clerical Workers, or the CPI-W index.

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Nick Thornton

Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

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