Put simply, a cost-of-living adjustment (COLA) is a "change in benefits based on changes in the prices of goods and services, ...

One easy formula to calculate how much should be added each year to offset inflation is: Emergency Fund Balance x Annual Inflation Rate = Adjustment Amount Therefore, if an individual saved $ ...

Regardless of how big or small Social Security's annual cost-of-living adjustment is, if the trailing-12-month inflation rate for shelter and/or medical care services is higher than the COLA ...