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Social Security's 2026 Raise: A Breath of Relief

Published 2 days ago
Description

Social Security beneficiaries received a 2.8% increase in January, providing some relief from recent inflation. However, recent wholesale inflation surges suggest everyday costs may rise soon. Many retirees still feel squeezed, with over half reporting financial strain since the pandemic. The Federal Reserve anticipates inflation to persist, potentially leading to a larger cost-of-living adjustment in 2027, but predictions vary from 1.7% to 2.8%.

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