The August 2011 CPI-W is reported at 223.326, higher than July at 222.686. These numbers continue to indicate a COLA for Social Security recipients of about 3.5% for 2012. The CPI-W for September is the final number needed to determine the three-month average for July, August and September 2011. That average will be compared with the same three months in 2008. The percent change between the two periods will determine the Social Security COLA for 2012.
We can’t control what others do and we can’t stop misfortune from striking. But we can control our own actions. Those who are financially prudent will most likely enjoy success, even if events don’t always go their way.
QUINNSCOMMENTARY 