Financial Focus: COLA Stands as the Best Measurement of Our Economy
Many economists and sadly many politicians try to tell you many falsehoods (unintentionally) as to where our US economy: Was? How it’s going? Where is it going to go? In my opinion, one only has to look at the COLA adjustments that take place in our economy. COLA, an acronym for Cost Of Living Adjustments, looks to ensure your dollars adjusts up or down, based on the health of the economy. People receiving Social Security, for example, receive COLA adjustments annually, reflecting a bigger or smaller paycheck, “the following year” based on the health of our economy. “The following year”
