Every year Social Security makes an announcement as to how much the cost of living adjustment will be for beneficiaries. This year, said adjustment is more than it has been since the 1980s. Given this fact, I think it is pertinent to discuss exactly what this means for beneficiaries and the rest of us. Social Security has long been a program that many rely on for retirement income, but that was never the point. Today, we will discuss:
1. The economic impact of the COLA adjustment
2. A tangible impact of inflation
3. Why we shouldn‘t rely on social security
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