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cost-of-living adjustment
[kawst-uhv-liv-ing, kost-]
Example Sentences
And if you are drawing Social Security and you benefit each year from the annual cost-of-living adjustment, that, too, is a mixed blessing.
The 2026 Part B premium increase will absorb much of the 2.8% cost-of-living adjustment for Social Security recipients.
The increase in Part B premiums dwarfs the 2.8% cost-of-living adjustment that Social Security recipients will get for 2026.
Accounting for the higher Part B premiums, the cost-of-living adjustment will add just $38 a month to the average Social Security retirement benefit of $2,008 a month.
The nearly 10% increase is more than triple the 2.8% increase in the cost-of-living adjustment for Social Security beneficiaries as healthcare expenses surge more than overall inflation.
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