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Last Updated: October 12, 2009
Yes. Beginning in 1975, Social Security benefits have been periodically automatically adjusted for inflation. Current law ties this increase, called a COLA (cost-of-living-adjustment) to the Consumer Price Index (CPI) or the rise in the general wage level, whichever is lower. If the CPI does not rise sufficiently to warrant a COLA, no adjustment in benefits is made.
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