Social Security’s COLA – What You need To Know

The Social Security Cost of Living Adjustment (COLA) aims to preserve the purchasing power of Social Security benefits for seniors by adjusting for inflation. COLA is based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPIW)…

Published July 1, 2024, 10:45am ET · 1 min read

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Austin Smith

Austin Smith is a financial publisher with over two decades of experience as an investor, analyst, and advisor. He covers stocks, ETFs, Artificial intelligence and personal finance for 24/7 Wall St. Previously, he spent over a decade at The Motley Fool as a senior editor for Fool.com, portfolio advisor for Millionacres, and launched The Ascent to help reader take control of their personal finances.

His work has been featured on Fool.com, NPR, CNBC, USA Today, Yahoo Finance, MSN, AOL, Marketwatch, and many other publications. He is as an advisor to private companies, and co-hosts The AI Investor Podcast with Eric Bleeker. 

When not looking for investment opportunities, he can be found skiing, running, or playing soccer with his children. Learn more about Austin's investment approach here.

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