Social Security September 11, 2024 6:30 pm What is COLA for Social Security? Each year the Social Security Administration announces a Cost-of-Living Adjustment, or COLA, for Social Security and Supplemental Security Income (SSI) benefits. Here’s what it is and how it is calculated. US & World Videos 1:10 US ranks last in health care compared with nine other high-income countries, report finds 1:33 Hezbollah leader vows retaliation against Israel for attacks on devices 1:56 12-year-old saves dad from bear attack 2:36 Donald Trump calls Diddy his ‘good friend' in resurfaced video with Aubrey O'Day 3:00 ‘Immense opportunities ahead of us': Biden celebrates lower interest rates