Kiss Your 11% Social Security Increase Goodbye
How big will the upcoming Social Security increase be? The predictions gaining the most attention speculated that the cost-of-living adjustment (COLA) could approach 11%. There hasn't been a COLA that large since 1981.
But the lofty predictions didn't factor in data released by the U.S. government just a few days ago. And the numbers don't lie: You can kiss your 11% Social Security increase goodbye.
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Source Fool.com