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31.10 - 14:23
Retirees Catch a Break With the Social Security COLA
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A longstanding complaint about the Social Security COLA is that it doesn’t reflect the true costs facing retirees, and should instead be based off an estimate of beneficiaries’ expenses. Be careful what you wish for.
On Thursday, the Social Security Administration said recipients will get an 8.7% increase in their payments next year and, for the second year in a row, that actually exceeds estimates of how much their costs increased.
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