cost-of-living adjustments
Cost-of-living adjustments refer to regular changes made to salaries, pensions, or benefits based on the changes in the price level of goods and services necessary for an individual or household to maintain their standard of living.
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Similar Concepts
- adjusting cost-of-living formulas
- adjustments for inflation
- changes in living situation and ssi benefits
- consumer price index
- cost of living
- cost-of-living adjustments (cola)
- health care costs
- healthcare costs
- long-term care expenditures
- making adjustments
- price stabilization
- quality of life improvements
- retirement age adjustment
- tax rate adjustments
- wage stability