What the Social Security COLA Means for You
(WorldNews Business)

Nearly one in every four retirement-age Americans lives in a household that derives more than 90% of its income from Social Security benefits, making it an integral part of the modern retirement plan. These benefits are the bedrock of so many retirement plans because the checks always cash, and the Social Security Administration (SSA) also has a mechanism in place to ensure that benefits keep up with the rising cost of living throughout retirement. Over time, benefits are designed to increase to keep pace with rising prices experienced by urban wage earners (low- and middle-income workers) by way of an annual cost of living adjustment (COLA). However, things could change. There has been a...