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Social Security Cost-Of-Living Adjustment Largest In Decades
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Business, Social Studies, Other
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9th - 10th Grade
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Hard
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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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