Tag: retiree purchasing power

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How Big Will Social Security’s COLA Be?

MarketWatch Blog by Alicia H. Munnell

July 26, 2023

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 a wonderful feature of our Social Security program – has been particularly valuable over t…

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