History of Social Security COLA increases by year
History of Social Security COLA increases by year
Jul 16, 2021
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Ever wonder why your Social Security check sometimes increases each year? That’s because of the COLA, or cost of living adjustment. In this short, I’ll explain how the COLA works and why it’s tied to inflation. 💡 Here’s what you’ll learn: ✅ What “COLA” stands for and how it affects your Social Security benefits 📅 How inflation drives annual benefit increases ➡️ Why COLA adjustments help preserve your purchasing power in retirement 📝 What to keep in mind when planning for long-term retirement
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