Aug 22, 2021

Some COLA History


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From the Center for Retirement Research at Boston College

2 comments:

Anonymous said...

"fixed" income. Meanwhile, people that actually work, do NOT get raises.

Anonymous said...

@8:10

Average wage increases historically exceed COLA.

https://www.ssa.gov/oact/cola/awidevelop.html

Also, the vast, vast majority of people impacted by the COLA are on RIB, although a smaller number are on DIB, meaning they did work, paying into a system which requires COLA be applied. As such, those workers are now receiving the equivalent of raises.