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Another Look at the 8.7% COLA, But It’s a Look at the Downside

The Motley Fool’s Kailey Hagen, in a post on their website, weighs in on an aspect of the 2023 cost-of-living adjustment (COLA) that is often overlooked in the euphoria of a partial leg-up in the inflation fight seniors face. Looking long-term, there’s the potential that another substantial bump in cash outlay will likely move the program closer to the point where its cash reserves are depleted, therefore advancing the potential benefit cut projected repeatedly over the past decade. Check out Ms. Hagen’s post here…

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