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Why is COLA linked to inflation and what does it mean?
The Cost-of-Living Adjustment (COLA) is a lifeline for millions of Americans on Social Security, designed to counteract ...
Financially speaking, we keep asking more of retirees. First, we ask folks who have saved for a lifetime to live on less while banks and indebted consumers use low interest rates to heal. Then we ...
Seniors will get a 2.5% Social Security COLA next year, boosting the average benefit to $1,976 per month. The government calculates COLAs based on third-quarter inflation data that doesn't look at ...
Staffing shortages have forced the U.S. federal government to scale back the price checks it uses to calculate the inflation rate. Economists are warning that could lead to less accurate ...
American seniors are frustrated with how Social Security adjusts for inflation, and they want change. A new report from The Senior Citizens League (TSCL) shows a clear demand among retirees to ...
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