next year projected limit already

[Tom Poje]

CPI-U released today

254.202, a huge spike from last month (Feb was only 252.776

At that rate the 415 limit will be 57,000

and comp limit of 285,000

the rates used to determine the limits (Jul -Aug) have never been less than the Mar value so  looking like the limits will increase even at this early date

[imchipbrown]

Any guess about SS benefit increase %?

[Tom Poje]

soc sec is based on cpi-w and they usually post that a few days later than the cpi-u

plugging in Feb value for july aug sep 2019 you get

(246.218-246.352)/246.352 which is negative, so at the moment, no increase

but I would expect that to change when they release the Mar value

check the following website

http://mrsc.org/Home/Explore-Topics/Finance/Economic-and-Population-Data/Consumer-Price-Index.aspx

there is a nice excel spreadsheet available, just scroll through to the correct tab (cpi-w)

I know, I'm a nut case, but I wanted to know how all these things work, so...

 

	2016	2017	2018	2019
july	234.771	238.617	246.155	246.218
aug	234.904	239.448	246.336	246.218
sep	235.495	240.939	246.565	246.218
	705.17	719.004	739.056	738.654
	235.057	239.668	246.352	246.218