Fri. Feb 14th, 2025

Big Hikes for U.S. Retirees: COLA Announcement Officially Revealed

The Social Security Administration has officially announced that the Cost of Living Adjustment (COLA) for U.S. retirees will see significant increases for 2023. The exact percentage increase has yet to be determined but is expected to be around 8.7% based on inflation data. This would mark the largest COLA increase since 1981.

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