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How does the Social Security COLA work?

En español | The cost of living adjustment (COLA) is based on the Consumer Price Index (CPI), a measure of inflation that the U.S. Commerce Department calculates by tracking changes in the prices of certain goods and services. Every fall, officials examine the CPI numbers. If they show inflation, beneficiaries receive an increase in their checks starting the following January. The latest COLA adjustment, for 2018, is 2 percent..


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