Cost Of Living Adjustment Definition

Searching for Cost Of Living Adjustment Definition information? On our website, we have collected a lot of different data on the cost of living. You will find links to both official statistics and people's impressions. Below are the most relevant links to Cost Of Living Adjustment Definition data.

Cost-of-Living Adjustment (COLA) Definition

https://www.investopedia.com/terms/c/cola.asp

Sep 22, 2020 · A cost-of-living adjustment (COLA) is an increase in Social Security benefits to counteract inflation. Inflation is measured using the consumer price index for …

Cost of Living Adjustment: Definition, Calculation

https://www.thebalance.com/what-is-the-cost-of-living-adjustment-3305736

Aug 28, 2020 · The cost of living adjustment is an increase in income that keeps up with the cost of living. It's often applied to wages, salaries, and benefits. These include union agreements, executive contracts, and retiree benefits. For example, the government uses a COLA each year on Social Security benefits. The Social Security Administration has put in ...

Cost of Living Definition

https://www.investopedia.com/terms/c/cost-of-living.asp

Sep 20, 2020 · The cost of living is the amount a person needs to spend to cover basic expenses such as housing, food, taxes, and healthcare in a particular place.

What is cost of living adjustment (COLA)? definition and ...

http://www.businessdictionary.com/definition/cost-of-living-adjustment-COLA.html

cost of living adjustment (COLA): Periodic increase in wages or salaries, to compensate for loss in purchasing power of money due to inflation. Rate of COLA is commonly pegged to a general index such as consumer price index (CPI). Also called cost of living allowance.

COST OF LIVING ADJUSTMENT meaning in the Cambridge ...

https://dictionary.cambridge.org/dictionary/english/cost-of-living-adjustment

cost of living adjustment definition: an increase in a person's wages, pension, etc. that is made once a year according to how much the…. Learn more.

Cost-of-living adjustment definition and meaning Collins ...

https://www.collinsdictionary.com/us/dictionary/english/cost-of-living-adjustment

Cost-of-living adjustment definition: an adjustment to pay which takes account of a change in the cost of living Meaning, pronunciation, translations and examples

Cost of Living Adjustment - Definition The Business ...

https://thebusinessprofessor.com/lesson/cost-of-living-adjustment-definition/

Cost of Living Adjustment Definition Cost-of-living adjustment is made to Social Security and Supplemental Security Income to cancel out the possible aftermath of inflation. Simply referred to as COLA, this measurement is basically equivalent to the percentage increase in urban wage earners and clerical workers consumer price index (CPI-W) for ...

Cost-Of-Living Adjustment (COLA)

https://www.ssa.gov/OACT/COLA/colasummary.html

Since 1975, Social Security's general benefit increases have been based on increases in the cost of living, as measured by the Consumer Price Index. We call such increases Cost-Of-Living Adjustments, or COLAs. We determined a 1.6-percent COLA on October …