BIG UPDATE: Exact amount of increase in retiree paychecks – Will be announced in October
As October approaches, millions of retirees are eagerly awaiting the official announcement of the cost-of-living adjustment (COLA) for their Social Security checks. Many retirees depend on these payments to keep up with inflation and cover their living expenses in retirement. The Consumer Price Index (CPI) plays a crucial role in calculating the COLA increase, as…