cost-of-living benefit

• Prestación económica o subsidio otorgado por el gobierno o un empleador para ayudar a las personas a afrontar el aumento del costo de vida debido a la subida de los precios de bienes y servicios básicos.

A financial payment or allowance provided by a government or employer to help individuals cope with increased expenses due to rising prices for essential goods and services.

1. Financial adjustment for inflationB2formal

   An increase in wages, pensions, or other payments to offset the rising prices of goods and services.

   beneficio por costo de vida

   • The union negotiated a cost-of-living benefit for all employees.
   • Retirees receive an annual cost-of-living benefit to maintain their purchasing power.
   • The government announced a cost-of-living benefit increase for social security recipients.