toofpic comments on ELI5 how do COLA raises work for SSDI? How is it figured? This year it was something like 75 bucks, which cost about a tank of gas. So is it really helping anyone or is just a slap in the face?

ELI5 how do COLA raises work for SSDI? How is it figured? This year it was something like 75 bucks, which cost about a tank of gas. So is it really helping anyone or is just a slap in the face? (lemmy.world)

submitted 3 weeks ago by Patnou@lemmy.world to c/explainlikeimfive@lemmy.world

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[–] toofpic@lemmy.world -1 points 3 weeks ago

Great question, kid! SSDI COLA RAISES work all the time, figure-eighted (or eight-figured, I can't really figure). And 75 bucks is a goood price for whatever that COLA is. Tank of gas for 75 bucks can be good or not good, depending on the tanks and the gas. I would also help you slap anyone, but you have to explain what's this all about first.

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