If inflation increases,what will happen to the Social Security COLA? It will
A)Expire
B)Increase
C)Decrease
D)Be divided among Social Security recipients
E)Be added to the Social Security trust fund

Question

Quizplus · Accepted Answer

If inflation increases, the Social Security cost-of-living adjustment (COLA) will increase. This is because the COLA is calculated based on the Consumer Price Index (CPI-W) which measures the changes in prices of goods and services. If there is higher inflation, the CPI-W will go up, and so will the COLA for Social Security recipients.

If Inflation Increases,what Will Happen to the Social Security COLA