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COLA Doesn't Make You Richer | Business and Finance News
Description
A big Social Security COLA might sound like a win, but it’s really just about keeping up with inflation—not making you richer. A 4.7% bump next year could mean you’re just treading water if prices rise by the same amount. This year’s 2.8% increase is already locked in, and high inflation could actually hurt seniors already stretched thin. The real financial relief? Stable, low inflation so your money goes further and your budget doesn’t feel the squeeze.
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