Social Security's Huge 2023 COLA Could Hurt Seniors in the Long Run
Last month, seniors learned they'd receive an 8.7% Social Security cost-of-living adjustment (COLA) for 2023. That will add an extra $147 to the average benefit check beginning in January. While some may have wished for more, this will still help ease the pain for retirees struggling with inflated costs on pretty much everything this year.
But that extra cash now could leave seniors facing even bigger problems in a few years. Here's what you need to know.
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Source Fool.com
