Cost of living needs to be adjusted properly. by Marlon R Boone https://padlet.com/mrboone1/qt0mae1ejl7x9t7h Cost of living needs to be adjusted by those who actually know what its like to struggle. en-us 2023-03-22 00:29:40 UTC 2023-03-24 14:27:52 UTC hello@padlet.com Cost of Living Adjustment Started mrboone1 https://padlet.com/mrboone1/qt0mae1ejl7x9t7h/wish/2527822876 Congress enacted the COLA provision as part of the 1972 Social Security Amendments, and automatic annual COLAs began in 1975. Before that, benefits were increased only when Congress enacted special legislation. Beginning in 1975, Social Security started automatic annual cost-of-living allowances.

Cost-of-Living Adjustment (COLA) Information | SSA]]> 2023-03-22 21:24:20 UTC https://padlet.com/mrboone1/qt0mae1ejl7x9t7h/wish/2527822876 Why cost of living adjustment started mrboone1 https://padlet.com/mrboone1/qt0mae1ejl7x9t7h/wish/2527891444 A cost-of-living adjustment (COLA) is an increase in pay or benefits designed to keep up with the rising costs of goods and services due to inflation. COLAs help keep people's earnings and living costs in proportion. Inflation is one factor that makes goods and services cost more.Nov 1, 2022]]> 2023-03-22 23:01:59 UTC https://padlet.com/mrboone1/qt0mae1ejl7x9t7h/wish/2527891444 Who decides the adjustment mrboone1 https://padlet.com/mrboone1/qt0mae1ejl7x9t7h/wish/2527944792 the Bureau of Labor Statistics
CPI-Ws are calculated on a monthly basis by the Bureau of Labor Statistics. The formula used has been used for years.
]]> 2023-03-23 00:13:34 UTC https://padlet.com/mrboone1/qt0mae1ejl7x9t7h/wish/2527944792 Who gets the cost of Living adjustments mrboone1 https://padlet.com/mrboone1/qt0mae1ejl7x9t7h/wish/2527969084 Cost of living adjustments is not mandatory. In 2016 there was not a cost of living adjustment but everything still went up. With this being said big business can raise prices and the people have to make due because of what is needed to survive like food.]]> 2023-03-23 00:32:20 UTC https://padlet.com/mrboone1/qt0mae1ejl7x9t7h/wish/2527969084 Punctionality on cost of living adjustment mrboone1 https://padlet.com/mrboone1/qt0mae1ejl7x9t7h/wish/2527977226 Economist determines the cost of living in countries that are thriving. If the country is doing well then the people should do the same. We here in the US should do the same the calculation that determines the cost of living is not good. Big business needs to be controlled also they are the reason why the cost of living is not doing well for the people in the US. Greed is a big part of this ]]> 2023-03-23 00:38:47 UTC https://padlet.com/mrboone1/qt0mae1ejl7x9t7h/wish/2527977226 Big Business Cost of Living Adjustments. mrboone1 https://padlet.com/mrboone1/qt0mae1ejl7x9t7h/wish/2530514903 Big business cost of adjustments consist of raises. Raises should not be included in raises. The best way to handle it is to do like some countries cost of living deals with there economy if the economy goes up the companies give their employees a cost-of-living adjustments including a raise. Samsung is one of the companies that does this.]]> 2023-03-24 14:27:52 UTC https://padlet.com/mrboone1/qt0mae1ejl7x9t7h/wish/2530514903