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WKN DE: A3D1CX / ISIN: KYG5244R1083
16.10.2024 13:31:00
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Social Security Benefits Get a 2.5% COLA in 2025. Here's Why You May Not Get to Keep It All.
The big buzz on the Social Security front for months has centered on 2025's cost-of-living adjustment (COLA). Each year, Social Security benefits are eligible for a COLA so that recipients can maintain their buying power as inflation drives living costs upward.On Oct. 10, the Social Security Administration announced that benefits would be rising by 2.5%. That happens to be a much smaller COLA than what recipients have received in recent years. But it also makes sense.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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