What Does the Cost-of-Living Adjustment (COLA) Increase in Social Security Mean?
The cost-of-living adjustment (COLA) plays a significant role in Social Security, helping millions of Americans manage rising expenses due to inflation. If you’re curious about how COLA increases affect Social Security benefits and why it’s essential, this article will break it down in simple terms. What is the Cost-of-Living Adjustment (COLA)? COLA is an annual … Read more