Definition Cost Of Living Adjustment

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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 …

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 …

Cost-of-living adjustment financial definition of cost-of ...

https://financial-dictionary.thefreedictionary.com/cost-of-living+adjustment

Cost-of-Living Adjustment An increase to a wage, salary, or pension designed so that the real value remains the same. That is, a cost-of-living adjustment increases the underlying wage, salary, or pension so that it keeps pace with (but does not run ahead of) inflation.

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

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

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

an increase in a person's wages, pension, etc. that is made once a year according to how much the prices of things such as food, transport, and housing have increased: Because of falling consumer prices, the government recently announced that there will be no cost of living adjustment (COLA) for Social Security recipients this year.

Cost-of-living adjustment - definition of cost-of-living ...

https://www.thefreedictionary.com/cost-of-living+adjustment

Define cost-of-living adjustment. cost-of-living adjustment synonyms, cost-of-living adjustment pronunciation, cost-of-living adjustment translation, English dictionary definition of cost-of-living adjustment. n. Abbr. COLA An adjustment made in wages that corresponds with a change in the cost of living.

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.

Cost of Living Adjustment - Definition The Business ...

https://thebusinessprofessor.com/lesson/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 a particular duration.

Cost of Living Adjustments - definition of Cost of Living ...

https://www.thefreedictionary.com/Cost+of+Living+Adjustments

Cost of Living Adjustments synonyms, Cost of Living Adjustments pronunciation, Cost of Living Adjustments translation, English dictionary definition of Cost of Living Adjustments. n. Abbr. COLA An adjustment made in wages that corresponds with a change in the cost of living.

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 …