3 Things Retirees Need to Know About How the COLA Is Actually Calculated
It's important to understand the truth about Social Security's cost-of-living adjustment.
Overview
Social Security beneficiaries receive a cost-of-living adjustment (COLA) in most years. While this is often referred to as a raise, it's actually an adjustment to help retirees avoid losing their buying power to inflation.
Seniors need to understand the truth about the COLA and about what it can do for their finances. In particular, here are three things to know about how it's calculated.
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Details
Source
Originally published at www.fool.com.
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