The Social Security Administration's website reveals how a specific measure of CPI can impact these adjustments. "According to the formula, COLAs are based on increases in the Consumer Price Index ...
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Social Security’s COLA formula could change under new proposal — and mean higher benefits for seniorsSince 1975, the COLA has been based on the previous year’s consumer-price index for Urban Wage Earners (CPI-W). CPI-W reflects spending that a worker would face, such as expenses for food ...
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