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Social Security's cost-of-living adjustment (COLA) for 2023 should be the largest in history, on a nominal-dollar basis.

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Business / FinanceBy The Motley Fool2024-07-30 12:06:00 +0300
The numbers don't lie: Social Security is the U.S.'s most vital social program. According to the Center on Budget and Policy Priorities, Social Security is...

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Business / FinanceBy The Motley Fool2024-08-08 16:45:00 +0300
This has been a whirlwind year so far, with inflation that reached 40-year highs eating away at Americans' savings. Inflation tends to hit senior citizens...

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An up to 11.4% cost-of-living adjustment (COLA) may await retired workers come January, but this isn't anywhere close to the biggest COLA in history.

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Business / FinanceBy The Motley Fool2024-08-18 12:15:00 +0300
Social Security may prove to be far more vital to you in retirement than you ever imagined. Consider, for example, that according to the Social Security...

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Business / FinanceBy The Motley Fool2024-07-24 12:04:00 +0300
Will seniors be in line for their largest Social Security raise in decades next year? That's looking likely. In June, the Consumer Price Index (CPI) rose...

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MarketsBy The Motley Fool2024-08-19 15:30:00 +0300
If you are collecting Social Security benefits, you should be aware of some important upcoming changes next year. There are three primary ways the rules will...

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Business / FinanceBy The Motley Fool2024-07-25 14:30:00 +0300
In 2023, Social Security is going to look different. Changes won't happen because of any big legislative moves, but instead because some modifications are...

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Business / FinanceBy Lorie Konish2024-08-10 17:32:22 +0300
Key Points High inflation points to a possible 9.6% Social Security cost-of-living adjustment in 2023, according to a new estimate based on data released on...

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Business / FinanceBy The Motley Fool2024-07-23 12:06:00 +0300
For the vast majority of working Americans, Social Security will play a vital role in their financial well-being during retirement. According to a recent...

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Business / FinanceBy The Motley Fool2024-07-24 15:00:00 +0300
A big Social Security check can go a long way toward increasing your financial security in your later years. Although having other income to go along with...

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Business / FinanceBy The Motley Fool2024-08-14 14:30:00 +0300
Social Security benefits are a lifeline for millions of retirees. In fact, around 23% of workers expect their monthly checks to be their primary source of...

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Business / FinanceBy The Motley Fool2024-08-17 14:30:00 +0300
Social Security is a significant source of income for millions of retirees. In fact, nearly one-quarter of workers expect their benefits to be their primary...

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MarketsBy The Motley Fool2024-07-28 12:02:00 +0300
For months, experts have been predicting that seniors on Social Security will receive a giant cost-of-living adjustment (COLA) in 2023 due to rampant...

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Business / FinanceBy The Motley Fool2024-07-27 12:00:00 +0300
Saving for retirement isn't easy, and Social Security can go a long way toward bridging the gap between what you have saved and what you need to retire...

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Business / FinanceBy The Motley Fool2024-07-25 13:00:00 +0300
Social Security is a lifeline for many retirees, especially if your savings are falling short. In fact, nearly one-quarter of workers expect their benefits...

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Business / FinanceBy The Motley Fool2024-08-15 14:00:00 +0300
Social Security can make for a more financially secure retirement, and many older adults depend heavily on their benefits to make ends meet. Any changes to...

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Business / FinanceBy The Motley Fool2024-08-18 12:02:00 +0300
It's hardly a secret that inflation has been hammering consumers since the start of the year. For months on end, consumers have had to dip into their savings...

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Business / FinanceBy The Motley Fool2024-08-07 17:45:00 +0300
A $4,194 monthly Social Security check could help you finance a pretty comfortable retirement, especially if you have personal savings too. But few people...

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Business / FinanceBy The Motley Fool2024-07-31 14:00:00 +0300
It's been a tough year for many seniors. Inflation has been surging, the stock market is falling, and a recession is looking more and more likely. Nearly 90%...