Politics1 min read

Is it curtains for COLA? Saving Social Security could mean changing the cost-of-living adjustment.

By · Via MarketWatch Top Stories · Published by Everything Blog

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.

Sources checked by our analysis pipeline: 1

Several proposals consider changing the way retirees receive inflation protection. Here’s what it could cost you.

Original source: www.marketwatch.com

Politics