Cost of Living Concerns
Oct 19th, 2007 | By Christopher Hancock | Category: Energy, Macroeconomics
Have you ever heard of the term “COLA”?
Most Americans haven’t, but I wish they had.
COLA stands for “cost-of-living adjustment.”
The cost-of-living adjustment determines the annual increase (raise) you see in your Social Security check each year.
Typically, adjustments are based on the annual increase in consumer prices, or the consumer price index ...read more
