Some analysts say there may be no Cost Of Living Adjustment (COLA) for Social Security beneficiaries this year.
I can’t get over how much attention is paid to the annual COLA. It’s merely supposed to hold beneficiaries harmless, not to improve their purchasing power. Of course there are issues with whether the current COLA formula is fair but if the cost of living goes down without a cut in benefits, recipients are better off even though they won’t believe it.