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Social Security's 2025 COLA Helps, but Seniors Still Face Cost-of-Living Crisis
Analysis October 10, 2024 at 02:38 PM
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What You Need To Know
- The Social Security Administration has set next year's benefit adjustment at 2.5%.
- One analyst observes that the monthly benefit increase, while welcome, won't even cover a week of groceries.
- Advisors and clients must study up on big changes to Medicare Part D as they budget for 2025.
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