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Cost of living adjustment

As inflation moderates, so does Social Security's cost-of-living adjustment

by Savannah Maher
Sep 14, 2023
The 2024 cost-of-living adjustment comes out to 3.2%, a pretty modest amount compared to past years.
The annual cost-of-living adjustment, or COLA, is automatic and meant to stabilize the purchasing power of Social Security benefits.
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Crisis at Christmas: Strikes disrupt the U.K. during the festive season

by Stephen Beard
Dec 29, 2022
During a wave of industrial unrest, triggered by the cost of living crisis, striking workers voice their discontent from the picket line.
Workers strike outside a mail-sorting office not far from London. The now-privatized Royal Mail service says it can't afford an inflation-matching pay hike.
Mimisse Beard
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Social Security recipients to get their biggest cost-of-living raise in over 40 years

by Samantha Fields
Oct 10, 2022
The adjustment is likely to be announced this week and expected to be around 9%. It's welcome news for recipients struggling with inflation.
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