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3 Social Security Changes That Could Benefit Seniors Big Time

3 Social Security Changes That Could Benefit Seniors Big Time

Although Social Security has been around for many years, its rules are not set in stone. Each year, Social Security benefits are eligible for a cost-of-living adjustment, or COLA, which is based on third-quarter data from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The CPI-W is actually a subset of the Consumer Price Index for All Urban Consumers (CPI-U), which is considered the benchmark for measuring inflation.