Posts Tagged ‘COLAs’

  • Consumer Price Index and Billion Prices Project are different inflation yardsticks.

    Inflation: What A Billion Prices Tell Us

    May 13, 14 • 445 Views • Behavioral Economics, Businesses, Demand, Supply, and Markets, Economic Debates, Economic Growth, Government, Households, Labor, Macroeconomic Measurement, Money and Monetary Policy, TechNo Comments

    Every year, my class meets Harriet Shaw through a PBS NewsHour broadcast from 1991. An economic assistant for the Bureau of Labor Statistics (BLS), she is a professional shopper who tracks prices. In the newscast, we follow her up and down store

  • The CPI: Social Security COLAs

    Apr 11, 13 • 216 Views • UncategorizedNo Comments

    Our story starts with Ida Mae Fuller. At 65, in 1940, Ms. Fuller got the first US monthly Social Security retirement check for $22.54. In 1941, she got $22.54 each month. In 1942, 1943, and 1944 she still got her $22.54. Until 1950, she received $22.54 a