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What Is a Cost-of-Living Adjustment (COLA), and How Does It Work?

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A cost-of-living adjustment (COLA) is made to Social Security and Supplemental Security Income to adjust benefits to counteract the effects of inflation.

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Cost-of-Living Adjustment (COLA)

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What Is a Cost of Living Adjustment (COLA)?

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Cost of Living: Definition, How to Calculate, Index, and Example