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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 to c/explainlikeimfive@lemmy.world
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[–] 9 points 3 weeks ago

So is it really helping anyone or is just a slap in the face?

Who's in the White House & what's he been doing? Shouldn't be hard to figure out the answer to your question from there.

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    [–] 4 points 3 weeks ago

    It's a percentage increase, much like a workplace might do. The next one is supposed to be higher, like 3.6, since 2026 was only 2.8 and didn't really offset inflation at all (which is the point of COLA).

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    [–] -2 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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