Talk of The Villages Florida - View Single Post - Social Security COLA Announced
Thread: Social Security COLA Announced
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Old 10-12-2023, 10:58 AM
Caymus Caymus is offline
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Quote:
Originally Posted by Dusty_Star View Post
The COLA doesn't come close to its stated goal of not to erode the purchasing power of Social Security benefits by inflation.
After taxes the average recipient will lose 1 to 2 % in purchasing power. Could be worse.