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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.” Given this thought, the question of whether the COLA calculation can be changed to keep up with inflation arises. Trevor Jennewine discusses how the 2025 COLA is not substantial to outpace the growing costs faced by Social Security beneficiaries. Read Mr. Jennewine’s article here…
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