What does cost-of-living benefit mean?
Definitions for cost-of-living benefit
cost-of-liv·ing ben·e·fit
This dictionary definitions page includes all the possible meanings, example usage and translations of the word cost-of-living benefit.
Princeton's WordNet
cost-of-living benefitnoun
a benefit that goes to anyone whose money receipts increase automatically as prices rise
ChatGPT
cost-of-living benefit
A cost-of-living benefit is a type of financial adjustment, often given to employees or beneficiaries of social security, that is designed to offset the impact of inflation on their purchasing power. This is normally calculated based on the changes in cost-of-living indexes, such as the Consumer Price Index, and is designed to preserve the value of money by adjusting the benefits to match increases in the cost of goods and services over time.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of cost-of-living benefit in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of cost-of-living benefit in Pythagorean Numerology is: 5
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"cost-of-living benefit." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/cost-of-living+benefit>.
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