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

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…

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