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As Social Security races toward insolvency, retirees are getting their biggest COLA boost in 4 years
The AARP's Rich Johnson said family budgets "have been under increasing pressure because of rising prices."
Social Security recipients will get a 3.6% raise in January , the largest in four years. Inflation drove it, and the retirement trust fund that pays the checks is projected to run short in late 2032. The cost-of-living-adjustment (COLA) will reach about 72 million people and add an average of roughly $75 a month for retirees. The raise…
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