What economic factors are influencing the cost of living adjustments?
Social Security Cost-Of-Living Adjustment Largest In Decades
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The video discusses a 5.9% cost of living increase, the largest in 39 years, providing an extra $92 monthly. This adjustment comes as the economy deals with inflation and the pandemic's effects. Historically, cost of living adjustments averaged just over 1.6% in the past decade.
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What has been the average cost of living adjustment over the past ten years?
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