Cost of Living Adjustments
Oct 24, 2022•7 min
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Episode description
COLA stands for cost of living adjustment, and both the Social Security Administration and the Internal Revenue Service have just announced big COLAs for next year. COLAs are nothing new. They’ve been happening for decades. But inflation has been so low for so long that we hardly noticed them. Now inflation is the highest it’s been in 40 years, and COLAs are in the news.
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