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A Social Security policy analyst for the advocacygroup The Senior Citizens League is estimating the cost-of-livingadjustment for 2021 will be zero based on consumer price index datathrough April and the continued impact of COVID-19 on the economy.
"The recent unprecedented plunge oil prices have all but wipedout the prospect of a Social Security cost-of-living adjustment(COLA) for next year," Mary Johnson, the policy analyst, said in astatement. The Senior Citizen League's estimate of no adjustmentcould change before October, when the Social SecurityAdministration announces the COLA.
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Mike Scarcella
Mike Scarcella is a senior editor in Washington on ALM Media's regulatory desk. Contact him at [email protected]. On Twitter: @MikeScarcella. Mike works on a slate of newsletters: Supreme Court Brief | Higher Law | Compliance Hot Spots | Labor of Law.
