Tag: retiree purchasing power
![Yellow coin purse on top of a white calculator on a blue background](https://crr.bc.edu/wp-content/uploads/2023/07/Yellow-coin-purse-on-top-of-a-white-calculator-on-a-blue-background-1536x1024.jpeg)
Much lower than previous years, but COLA has fully protected retirees against ravages of inflation. The speculation seems to start earlier every year. I just got my first press call regarding the likely magnitude of Social Security’s cost-of-living adjustment (COLA) for 2024. This automatic indexing of benefits to keep up with rising prices – always…