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Could hurricanes play important role in the 2024 COLA?
How will the heightened hurricane activity this season affect the 2024 Social Security cost-of-living- adjustment? Some experts are expectorating on how the storms will impact supply shortages and price increases. Gas prices contribute to the inflation index used for calculating the COLA. Disruptions in oil production could cause gas prices to surge. Jenny Kane explains the complex interplay between elements and how it shapes the annual adjustments that impact beneficiaries. Read Ms. Kane’s article here…
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