Those who have colas like soc sec have been screwed
for the last few years. Cost of living increases have been hidden for quite a few years due to companies putting less product in the package yet charging the same..such as sugar. They went to 4 lb. bags but still charge like it's 5 lb. Spaghetti sauce is a smaller jar. I'm sure du'ers can name a lot more products that downsized yet didn't charge less. This is a hit against social security, etc recipients whose checks depend on the cost of living.
3. Many of us with pensions from Fortune 100 companies have no COLA at all. Never!
The companies just restructured their "overfunded pensions liabilities" and took all but the absolute minimum that they had to leave in the fund. There was and is no commitment for COLA, regardless of inflation or the COLA.
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