Several proposals consider changing the way retirees receive inflation protection. Here’s what it could cost you.
Is it curtains for COLA? Saving Social Security could mean changing the cost-of-living adjustment.
In short
Efforts to save Social Security may involve altering how cost-of-living adjustments (COLA) are calculated for retirees. Several proposals under consideration target changes to this inflation protection mechanism, which could impact the amount of money beneficiaries receive.
Key points
- Efforts to save Social Security may involve altering how cost-of-living adjustments (COLA…: Efforts to save Social Security may involve altering how cost-of-living adjustments (COLA) are calculated for retirees.
- Several proposals under consideration target changes to this inflation protection mechani…: Several proposals under consideration target changes to this inflation protection mechanism, which could impact the amount of money beneficiaries receive.