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How much will a person really get after Social Security COLA increase?

This January over 70 million social security recipients will benefit from a 5.9% raise for their cost of living adjustment.

On average a recipient will get $92 more dollars a month.

The issue is that inflation is expected to keep going up. So are Medicare premiums.

While that $92 dollars a month will help in the long run, it’s hard to know just yet whether it’s enough to keep up with the rising Medicare and inflation costs.


Categories: News