Alert
Close

Top the Trizzle leaderboard by 5 p.m. Friday to win a $100 gift card! Learn more

Highlights

Close

Contests and
Sweeps

Safe Driving in 2014 Sweepstakes

Learn how AARP Driver Safety can help you stay safe—and enter for a chance to win $1,000. See official rules. 

Car buying made easy with the AARP Auto Buying Program

AARP-iPad-ePub-app

Free Fun!

AARP Games - Play Now!

Work
PROGRAMS

Best Employers for Workers Over 50

See the latest winners of this AARP recognition program.

Employer Resource Center

Attract and retain top talent in a changing workforce.

Most Popular
ARTICLES

Viewed

Social Security Mailbox

Will There Be a COLA Rise in 2013?

All signs say yes, but it's likely to be smaller than this year's 3.6 percent

En español | Q. Will there be a cost-of-living adjustment for Social Security benefits in 2013?

A. The Social Security Administration has predicted an increase of 1.8 percent, but we won't know the actual amount until October. That's when the key inflation statistic that sets the COLA, the Consumer Price Index rise for the July-September quarter, will be released.

To calculate the COLA, the government will compare that inflation figure with the figure for that quarter in 2011.

See also: We need to hear your thoughts on Social Security.

So right now it's a guessing game as economists try to predict what the October inflation figure will be. The Congressional Budget Office has predicted a COLA of 1.3 percent for 2013. Whatever the amount, it's going to be much smaller than the 3.6 percent rise that kicked in this year.

COLAs are designed to keep benefits in pace with inflation, so that buying power holds roughly steady. The rises are extremely important to more than 50 million Social Security recipients, many of whom live on fixed incomes.

This year, the average retired worker received a $43 a month increase in the monthly Social Security check. The same 3.6 percent COLA was paid to millions of military and government retirees.

Stan Hinden, a former columnist for the Washington Post, wrote How to Retire Happy: The 12 Most Important Decisions You Must Make Before You Retire. Have a question for the Social Security Mailbox? Check out the archive. If you don't find your answer there, send a query.

You may also like: 10 ways to tune-up Social Security.

Remember to go to the AARP home page every day for tips on keeping healthy and sharp, and great deals.

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

RELATED VIDEO

Social Security expert Jonathan Peterson talks about his new book. Social Security for Dummies. Learn more about the book. Read

Tell Us WhatYou Think

Please leave your comment below.

Jobs You Might Like

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

UPS

Members get 15% off eligible products/services and 5% off shipping at The UPS Store®.

AARP Discounts on Consumer Cellular Phones and Plans

Members save 5% on monthly service and usage charges with Consumer Cellular.

Member Benefits

Renew today! Members receive exclusive member benefits & affect social change.

Explore Your Learning Possiblities