Stack of coins along with letters 'CPI'

Recently proposed legislation would apply a new COLA for all federal benefits programs, but the author cautions that it may not be all it’s cracked up to be.

What is the Best Way to Measure Inflation?

The Social Security Administration states that the goal of a cost-of-living adjustment is to ensure that the purchasing power of seniors is not eroded by inflation, but with no COLA planned for 2016, does that mean that seniors do not have to worry about inflation? As the author notes, it depends on how inflation is measured.