It was announced on October 13th, 2021 that the cost of living has increased by 5.9%. What does this mean for Social Security Benefits? Social Security Benefits typically increase to stay in line with inflation. An…
The cost of living adjustment (COLA) is an increase in income that helps keep up with the rising cost of living. The COLA adjustment overlooks the cost of consumer goods and services such as: housing, transportation, medical…
The Cost-Of-Living Adjustment (COLA) was enacted in 1972 and is collected by the Bureau of Labor Statistics. The measurement used to do these calculations is known as the Consumer Price Index (CPI), which overlooks the…
2018 Cost of Living Adjustment The Cost-Of-Living Adjustment (COLA) was enacted in 1972 and is collected by the Bureau of Labor Statistics in the Department of Labor. The measurement used to do these calculations is…