What Does April's Inflation Data Mean for Social Security Recipients?
Many people have been struggling with soaring inflation since mid-2021. But thankfully, the pace of inflation has been easing over the past year.
In fact, April's Consumer Price Index (CPI) showed a cooling of year-over-year inflation. But while that might provide some nice relief for consumers, it could also translate to a much smaller cost-of-living adjustment (COLA) for Social Security recipients in 2024.
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Source Fool.com
