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Is COLA keeping up with inflation.
Social Security recipients will receive a 2.5 percent cost-of-living adjustment (COLA) in January 2025. However, Kevin Thomson, CEO of 9i Capital Group, said: “The COLA increase is not substantial enough to outpace the growing costs faced by Social Security beneficiaries.” However, can the COLA calculation be changed to keep up with inflation? Trevor Jennewine discusses how the 2025 COLA is not substantial enough to outpace the growing costs faced by Social Security beneficiaries. Read Mr. Jennewine’s article here…
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