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Social Security COLA Set to Rise | Cleveland News
Description
Social Security’s next COLA could be the biggest jump in four years—projected at 3.6%, up from this year’s 2.8% and down slightly from last month’s forecast. If enacted now, it would add $69.75 to the average monthly benefit, pushing payments from just under $2,000 to over $2,000. The official numbers drop October 14th, with new amounts starting January checks. This adjustment reflects summer’s three-month consumer price trends, amid a decade of rising inflation far beyond the prior ten years.
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