Which of the following statements about the Social Security cost-of-living adjustment is (are) true?
I.The amount of the adjustment is limited to a maximum of 2.5 percent annually.
II.Increases are based on changes in the consumer price index.

Question

Quizplus · Accepted Answer

The Social Security cost-of-living adjustment (COLA) is based on changes in the consumer price index, not limited to a maximum of 2.5 percent annually.

Which of the Following Statements About the Social Security Cost-Of-Living