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As inflation moderates, so does Social Security's cost-of-living adjustment

Sep 14, 2023
The 2024 cost-of-living adjustment comes out to 3.2%, a pretty modest amount compared to past years.
The annual cost-of-living adjustment, or COLA, is automatic and meant to stabilize the purchasing power of Social Security benefits.
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Social Security recipients to get their biggest cost-of-living raise in over 40 years

Oct 10, 2022
The adjustment is likely to be announced this week and expected to be around 9%. It's welcome news for recipients struggling with inflation.
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The hike in Social Security payments for 2022 will help seniors cover rising costs for food, health care and rent.
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How 65 came to be defined as a turning point into old age

Jun 19, 2019
The origin story of 65 can be traced back to the 30s, when President Roosevelt sought to make retirement available to everyone.
Many of the regulars at The Allegheny Elks Lodge in Pittsburgh had a love/hate relationship with their 65th birthdays.
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Changing the way we measure inflation could boost Social Security benefits

Using an index that's representative of retirees would mean a bigger monthly check, but it's a tough sell.
Social Security checks are placed in bins before they are mailed at the U.S. Treasury printing facility in Philadelphia in 20005.
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