A Social Security Cost-of-Living Adjustment (COLA) is an annual increase to Social Security and Supplemental Security Income (SSI) benefits. The COLA is a vital feature of the Social Security program, affecting tens of millions of Americans. But how exactly is it calculated and what factors influence the final percentage? Test your knowledge with this ten-question true/false quiz!
And don't worry if you miss an answer, you can follow the links below the quiz to brush up on your knowledge.
More on Social Security, from the Kiplinger team:
- Social Security Basics: Things You Must Know About Claiming and Maximizing Your Social Security Benefits
- 2026 Social Security COLA Projection
- The Average Monthly Social Security Check: August 2025
- The Average Social Security Check by Age
- How Much Would Social Security's 2033 Shortfall Cost You?
- Presidents and Social Security: How Presidents Have Impacted America's First Social Insurance Policy
- Six Changes Coming to Social Security in 2026
From just $107.88 $24.99 for Kiplinger Personal Finance
Be a smarter, better informed investor.
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
-
How to Navigate Your Finances After Losing Your Spouse: Thoughts From a Financial PlannerIt's important you get involved in financial planning now so you're prepared and confident to make decisions when you potentially become your own financial manager.
-
The Tax Trap Snares Many Business Owners: A Financial Pro's Guide to 11 Strategies You May Be MissingPoor tax planning means many business owners are leaving money on the table for the IRS. This detailed guide from a financial adviser highlights strategies you may not be aware of.
