Munnell, Alicia H.; Muldoon, Dan - Center for Retirement Research (CRR), Boston College - 2008
Today, the Social Security Administration announced that benefits payable in December 2008 would be increased 5.8 percent beginning January 1, 2009. This cost-of-living-adjustment (COLA) – the largest in 26 years – is an important reminder that keeping pace with inflation is one of the...