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Are Seniors Getting Shortchanged by Social Security COLAs?

Are Seniors Getting Shortchanged by Social Security COLAs?

As the calendar turns to October, Social Security recipients are eagerly awaiting the 2023 cost-of-living adjustment (COLA). Many seniors have been struggling under the weight of this year's high inflation, even as some costs, such as gas prices, have come down in recent months. Experts are now expecting an 8.7% raise for seniors in 2023.