As many retirees recall well, the Social Security COLA is the annual Cost Of Living Adjustment. Last year, the COLA was 0%. Said another way, there was no COLA. This occurred because the government determined there was no inflation. The COLA is determined based on the level of inflation.
Many experts predict there will once again be no COLA this year - as inflation has stayed away. What do you think will happen?
Stay tuned, the answer should be available in October.
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