cost-of-living adjustment

[ kawst-uhv-liv-ing, kost- ]

noun

1. COLA.

Example Sentences

Mr. Bogart cited a hefty cost-of-living adjustment in Social Security benefits amid high inflation, and his fears that Republicans could roll back the program.

From New York Times

At one point, Sperling stressed to the automakers the UAW’s position that new contracts needed a built-in cost-of-living adjustment, so that wages could be adjusted for inflation.

From Seattle Times

The cost-of-living adjustment means the average Social Security recipient will receive at least $50 more every month.

From Washington Times

The law requires an annual cost-of-living adjustment for benefits, based on rising prices.

From Washington Times

The CBO said last year’s 8.7% cost-of-living adjustment drove most of the higher spending, though an increasing number of beneficiaries also played a role.

From Washington Times