- The last year in which a COLA became effective was 2008. Therefore the law requires that we use the average CPI-W for the third quarter of 2008 as the base from which we measure the increase (if any) in the average CPI-W. The base average is 215.495, as shown in the table below.
- Also shown in the table below, the average CPI-W for the third quarter of 2010 is 214.136. Because there is no increase in the CPI-W from the third quarter of 2008 through the third quarter of 2010, there is no COLA for December 2010.
|Third quarter total||646.486||642.409|
|Average (rounded to the nearest 0.001)||215.495||214.136|
click image to see a larger version
Current Oil Prices and New Graph
Click for a chart and current quote for crude oil prices.
Social Security COLA Press Release
Since 12/31/98 "Kirk's Newsletter Explore Portfolio" is UP 179% (a double plus another 79%!!) vs. the S&P500 UP a small 16.2% vs. NASDAQ UP a tiny 12.6% (All through 10/16/10) FREE SAMPLE
In 2009, "Kirk's Newsletter Explore Portfolio" gained 33.5% vs. the DJIA up 18.8%
2010 YTD the "Explore Portfolio" is up 7.6% YTD
Subscribe NOW and get the October 2010 Issue for FREE! !
Your 1 year, 12 issue subscription will start with next month's issue.