Future Projections for COLA: What to Expect in the Coming Years

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 COLA stands for cost-of-living adjustment. It refers to the annual increase in Social Security benefits and other government retirement programs designed to help recipients keep up with the rising cost of living. This adjustment is based on changes in the Consumer Price Index (CPI), which measures the cost of goods and services over time. Simply put, COLA aims to ensure that the purchasing power of retirees' benefits remains stable even as prices rise. Inflation has been impacting everyone, but it's having an especially disproportionate impact on retirees. With fixed incomes and little opportunity to increase their earnings. For more info click here #SSDI 

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