Fact Check: COLA definition from SSA.gov: Since 1975, Social Security's general benefit increases have been based on increases in the cost of living, as measured by the Consumer Price Index [a measure of the rate of inflation]. We call such increases Cost-Of-Living Adjustments, or COLAs. We determined a 3.2% COLA on October 12, 2023.
Fact Check by UsInflationCalculator.com: The annual inflation rate for the US was 3.7% for the previous 12 months, according to Labor Department data published on Oct. 12, 2023.
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2016 Presidential contenders on Social Security: | |||
Republicans:
Sen.Ted Cruz(TX) Carly Fiorina(CA) Gov.John Kasich(OH) Sen.Marco Rubio(FL) Donald Trump(NY) |
Democrats:
Secy.Hillary Clinton(NY) Sen.Bernie Sanders(VT) 2016 Third Party Candidates: Roseanne Barr(PF-HI) Robert Steele(L-NY) Dr.Jill Stein(G,MA) | ||
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