Later this week, Social Security will announce the largest inflation adjustment to benefits in four decades. With interest in the COLA running very high this year, I posted a story for The New York Times today that answers a range of questions you might have about the program’s cost-of-living adjustment (COLA) – and perhaps some questions you haven’t asked yet.
The list includes:
- Why will this year’s COLA be so high?
- Is the COLA formula an accurate measure of inflation for retirees?
- If Social Security is adjusted for inflation, why do people always say retirees live on fixed incomes?
- Do all seniors experience inflation in the same way?
- Why is there so much interest in the COLA?
There’s much more – check it out in the latest edition of my newsletter.