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COLAs and Retirement: What You Really Need to Know | Raleigh News
Social Security COLAs are designed to protect your buying power against inflation—not to make you rich. They’re calculated using the CPI-W, which tracks urban consumer prices, but critics argue it doesn’t fully reflect seniors’ rising healthcare costs. While a bigger COLA means higher checks, it often signals steep price hikes; a smaller one might mean your expenses haven’t surged as much. Plus, the “hold harmless” rule ensures your benefits never shrink year-over-year. But COLAs alone won’t secure your retirement—pair them with smart investments to truly beat inflation and future-proof your…
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