Retirement Weekly: How much your Social Security check will increase next year

Are you happy or sad that your monthly Social Security check next year will be approximately 1.2% higher than it is this year?

Your answer no doubt depends on whether you look at the glass as half full or half empty. Had the Social Security Administration set next year’s COLA in May, for example, the COLA would have been zero. That’s because the Consumer Price Index’s was lower at that point than where it had stood a yearly previously.

So...

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