There are 2 major problems with new Social Security COLA, experts warn

Experts warn that there are two major problems regarding the new Social Security COLA. The Social Security administration determines the annual COLA by analyzing the average yearly change of the Consumer Price Index for Urban Wage Earners and Clerical Workers, known as CPI-W. This calculation specifically examines data from July, August, and September, which is then compared to the corresponding period from the previous year to establish the benefits increase for the upcoming cycle.