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The Independent UK
The Independent UK
National
Fatima Hussein

Social Security cost-of-living adjustment coming -- but it won't be as big as this year's

Social Security Mary Johnson Medicare
Copyright 2023 The Associated Press. All rights reserved.

Looking ahead to retirement next spring, Karla Abbott finds comfort in the cost-of-living increase that millions of Social Security recipients get each year. But with consumer prices easing, the new boost will be far lower than this year's 8.7%

Analysts estimate the adjustment for 2024 will be around 3.2%.

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