COLA Fairness  -  TSCL strongly believes that the Social Security cost-of-living-adjustment (COLA) that seniors are currently receiving does not accurately reflect how they must spend their money.  Our studies and surveys indicate that the current COLA is growing too slowly and does not accurately measure inflation experienced by seniors.  The COLA is based on a consumer price index (CPI) that reflects how young urban workers tend to spend their money.  Older Americans spend a disproportionate share of their household budget on health care.  Since health care costs continue to rise so quickly – and since most health care spending cannot be substituted out for something cheaper – TSCL believes that seniors would be better served if their COLA was based upon a consumer price index for elderly consumers, the CPI-E. Current COLA efforts

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