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One type of Social Security adjustment could cut the 75-year shortfall in half

Social Security's looming insolvency in under a decade could be delayed by a change to how the annual cost-of-living adjustment (COLA) is calculated, with a new analysis finding that it could cut the entitlement program's 75-year fiscal shortfall in half.The nonpartisan Committee for a Responsible Federal Budget (CRFB) proposed a COLA cap that would limit the dollar amount of the annual increase in Social Security benefits received by those with higher benefit amounts. That proposal was similar to a flat-rate COLA proposed by one of the think tank's co-chairs, former Rep. Tim Penny, when he wa...