The COLA is called a raise because it results in a retiree’s monthly benefits check getting bigger.  The purpose of it is to ...
The historic rise is also "laughably misaligned" and "woefully insufficient," according to experts.
Social Security cost-of-living adjustments (COLAs) are designed to ensure Social Security benefits keep pace with inflation. While they may not always feel like enough, COLAs can help ease the sting ...
Social Security retirees got a 2.8% Cost of Living Adjustment (COLA) this year, and retirees have now received their first ...