SSA: 2025 COLA -- 2.5% -- Announced October 10, 2024

 

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Updates

October 19, 2024: SSA announced today, as predicted -- a 2.5% COLA. 

Original Post

Link here.

The 2025 COLA is estimated to be 2.5% compared to 3.2% last year.

Amazing how fast this is "correcting."

There are many, many story lines in this graphic, most of which CNBC won't be discussing.

Second anniversary of the "bull market." Many mentions on CNBC today of this being the second anniversary of the current bull market. Yes, I know ... but I'm having trouble not seeing a bull market since 2009 with very, very minor interruptions of no consequence (in hindsight). People that can’t see a bull market since 2009 (and possibly even as far back as 1996) will never be satisfied. 

And having said that:

• my dad was an avid investor between: 1977 and 2015
• the Dow Jones Industrial:
• 1977: 2,000
• 2015: 17,000
• over a time span of 38 years
• an average of 400 points / year
• I began investing in 1984 but didn't reach my investing stride until 2007
• the Dow Jones Industrial:
• 2007: 14,000
• 2024: 42,000
• over a time span of 17 years.
• an average of 1650 points / year
• For whatever that's worth. Except that I had it easier than my dad. And he left his kids quite a bit including each with a college education and no college debt. And great memories.