Annual Social Security raises won’t necessarily track your rising costs
One primary advantage of Social Security is that the program adjusts benefits every year for inflation. However, these cost-of-living adjustments (COLAs) use a measure of inflation that’s geared toward the things that urban wage earners and clerical workers have to spend money.
Retirees have a much different mix of expenses, and historically, those costs have risen at a faster pace than what COLAs provide.
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