Episode Details

Social Security recipients are in for a potential boost—this year’s COLA could be higher than last year’s, helping keep benefits aligned with rising costs. The adjustment is automatically calculated using the CPI-W inflation measure from July through September, announced in October and applied starting January. While critics argue the formula doesn’t fully reflect seniors’ spending on healthcare and housing, it remains a vital safeguard against inflation. Over 74 million Americans depend on these automatic adjustments, a system that replaced the need for congressional approval since 1975.

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