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COLA Watch 2024

Michael Bartiromo interviews experts who explain why a 3.1% cost of living adjustment (COLA) is projected for Social Security recipients in January 2024. The official COLA for next year will not be announced until mid October 2023. Advocates note that while inflation is indeed slowing down, prices are still rising, and the kinds of items seniors buy tend to increase in excess of other items. This could leave seniors worse off even with a minimal increase in benefits. Read full piece in The Hill here.

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