cost-of-living adjustment

American  

[kawst-uhv-liv-ing, kost-] / ˈkɔst əvˈlɪv ɪŋ, ˈkɒst- /

noun

1. COLA.

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Example Sentences

The annual cost-of-living adjustment to Social Security benefits is typically smaller than raises offered by employers.

From Barron's

That’s what happens when there’s a 0% cost-of-living adjustment for a year with Social Security benefits — as happened in 2009, 2010 and 2015.

From MarketWatch

Next year’s Social Security cost-of-living adjustment is estimated at 1.7% based on February inflation data, but could rise.

From Barron's

If you manage to get an offer, brace for a cost-of-living adjustment.

From The Wall Street Journal

If inflation continues to fall, next year’s Social Security cost-of-living adjustment, or COLA, will be less than this year’s.

From MarketWatch