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Social Security Cost of Living Adjustment in the New Year

With the new year comes changes with Social Security. According to Jack Myers, the Cost of Living Adjustment will be a 2 percent benefit raise that will start to show up on social security checks in January.

Myers adds that the Cost of Living Adjustment is directly related to inflation and is automatically adjusted to reflect that inflation due to the language in the Social Security Act.

To learn more about Social Security, you can visit www.ssa.gov.

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