Tag: purchasing power
![Paying with a credit card](https://crr.bc.edu/wp-content/uploads/2021/06/Paying-with-a-credit-card-1536x1024.jpeg)
In theory, the size of the COLA shouldn’t matter if purchasing power is maintained. For some reason that I do not fully understand, Social Security beneficiaries love to get a cost-of-living adjustment (COLA). Mind you, I do view automatic indexing of benefits as a wonderful feature of our Social Security program. Without such adjustments, retirees…