veterans' benefits

A benefit is an advantage, profit, or gain received by a person or entity. In law, it refers to anything that promotes an interest, secures an advantage, or results in a financial or non-financial improvement.

A cost-of-living adjustment (COLA) is an annual increase to compensation or benefits to account for increases in the cost of living, which is primarily driven by inflation.

In the United States, welfare benefits for individuals and families with low or no income were almost non-existent before the Great Depression of the 1930s.