Social Security’s COLA could hit 10% -- or more -- next year
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Social Security recipients may see cost-of-living adjustments to their checks next year like never before – potentially a double-digit hike if inflation continues at its current pace, experts say.
The U.S. inflation rate hit a 41-year record of 9.1%, the latest Consumer Price Index data from June show, and Americans are feeling it when they buy gas and groceries. CPI also affects Social Security COLAs, which means beneficiaries will also see an impact – though for the better.
The…
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