In the fall of each year, the U.S. Bureau of Labor Statistics determines the CPI-W for the third quarter. Officials then compare it with the CPI-W for the third calendar quarter of the last year in which a cost-of-living adjustment (COLA) was awarded. If the comparison shows prices have gone up between those third-quarter periods, Social Security grants a cost-of-living hike. Increases are rounded to the nearest 10th of a percent and paid starting in January.
What does this mean for 2017? Social Security's last inflation increase came in 2014. That means the 2017 decision will be based on comparing the third quarter of this year with the third quarter of 2014. In June, Social Security's trustees estimated that the upcoming comparison would lead to a 2017 inflation increase of 0.2 percent.
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Today's Featured Article - Tractor Profile: Allis-Chalmers Model G - by Staff. The first Allis-Chalmers Model G was produced in 1948 in Gasden, Alabama, and was designed for vegetable gardeners, small farms and landscape businesses. It is a small compact tractor that came with a complete line of implements especially tailored for its unique design. It featured a rear-mounted Continental N62 four-cylinder engine with a 2-3/8 x 3-1/2 inch bore and stroke. The rear-mounted engine provided traction for the rear wheels while at the same time gave the tractor operator a gre
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