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Social Security COLA Set to Rise 3.6%

Original: Social Security COLA Rises 3.6% As Congress Faces Bigger Choices

Social Security beneficiaries are set to receive a 3.6% cost-of-living adjustment, according to Forbes. The increase will boost monthly benefits for retirees and other recipients as prices climb. At the same time, Congress is weighing larger decisions about the program's long-term finances, making the annual adjustment part of a wider debate over how to keep Social Security solvent for future generations.

Why now: The announced 3.6% cost-of-living adjustment directly affects tens of millions of beneficiaries while Congress debates the program's future.

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• Social Security COLA Rises 3.6% As Congress Faces Bigger Choices · Forbes

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