This is the first week in which boosted benefits are set to be distributed thanks to the cost-of-living adjustment (COLA), which increases payments every year so that purchasing power is not eroded.
The COLA varies significantly from year to year. For 2024, the SocialSecurityCOLA was 3.2%. The SocialSecurity Administration has announced a 2.5% cost-of-living adjustment (COLA) for ...
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