Move to “chained CPI” for cost-of-living increases in Social Security payments?
You can debate which cost-of-living adjustment is more accurate, but there is nothing sacrosanct about any given metric.
He was ready to tweak the cost-of-living formula for Social Security.
In all, he had mediated thirty-two strikes, sat on two arbitration boards, made three cost-of-living surveys for the Government.
Also, my Administration was the first to seek a cost-of-living increase for the recipients of VA compensation every year.
Next year, tax rates will be indexed so inflation can't push people into higher brackets when they get cost-of-living pay raises.
The average cost of the basic necessities of life, including food, shelter, and clothing.
Note: In the United States, the cost of living is monitored in the consumer price index (formerly called the cost-of-living index), published monthly by the federal government.