A few weeks ago I wrote a fairly popular article that discussed the rising possibility that the federal government will change the cost of living adjustment (COLA) index that Social Security payments are tied to. I wanted to follow up with more information on just how large of an impact this change can have. Here is a summary of the issue from my previous article: Currently Social Security payments increase with the rate of the Cost Of Living Adjustment (COLA) index. The COLA index used for Social Security is equal to the percentage increase in the consumer price index ...