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Next-year’s COLA may be lower

Recent data shows spending among older Americans has increased. This increase in spending may be due to this year’s historic cost-of-living increase, the largest in almost four decades. However, while older Americans may have received a hefty cost-of-living increase, that does not mean they will receive another one next year. Maurie Backman advises why seniors should anticipate a reduction in spending in 2024. Read Ms. Backman’s article here…

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