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Judging COLA’s Adequacy
Much has been written about the annual Social Security cost-of-living adjustment process, from explaining how the formula works to opinions on its effectiveness in keeping seniors above poverty lines. With the 2025 benefit increase coming in at 2.5%, down from 3.2%, much more reporting will likely be done on this latter point, especially since inflation appears to be trending up again.
And so it begins, with The Motley Fool surveying 2000 seniors regarding their thoughts on the most recent COLA. The results: “To put it mildly, most respondents didn’t think they received enough of a raise.” Read Matt Frankel’s post on the survey results here…
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