Definition of Cost-of-living benefit
1. Noun. A benefit that goes to anyone whose money receipts increase automatically as prices rise.
Cost-of-living Benefit Pictures
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Lexicographical Neighbors of Cost-of-living Benefit
Literary usage of Cost-of-living benefit
Below you will find example usage of this term as found in modern and/or classical literature:
1. Shop Talks on Economics by Mary Marcy (1911)
"Do we find wages high or low where the cost of living is high? Where the cost of living is low? Does a low cost of living benefit the capitalists? ..."
2. Social Security Programs in the U. S. by DIANE Publishing Company (1996)
"In 1986, Congress eliminated the requirement that the CPI had to rise by at least 3 percent before a cost-of-living benefit increase would take effect. ..."