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Non-Tech : Kirk's Market Thoughts

COHR 185.83

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Dec 19 9:30 AM EST

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To: robert b furman who wrote (3507)	10/15/2015 12:58:00 PM
From: Kirk ©	Read Replies (1) of 26800

Social Security payments will not go up next year because there was no increase in the Consumer Price Index (CPI-W) from the third quarter of 2014 to the third quarter of 2015. See Oct 15 2016 Social Security COLA: Cost-of-Living Adjustment (COLA) for 2016 Interesting: "As a result of budget cuts and because little difference was seen between the CPI-U and CPI-W measures during 1978–1980, the BLS discontinued the separate but overlapping samples of individual items and outlets maintained from 1978–1980 for the CPI-U and CPI-W. Because maintaining two independent samples was not sustainable, BLS economists track spending and prices by using the CPI-U sample of geographic areas, outlets, items, and prices. The CPI-W is then derived by adjusting the weights for various spending categories, reflecting that the spending habits of the wage earner population differ somewhat from the all urban consumer population. "

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