Social Security beneficiaries will receive a 3.2% cost of living adjustment next year. Inflation has been moderating recently, with consumer prices in September up 3.7% from a year ago.
Inflation held steady last month — and for retirees who depend on Social Security, the pace of price hikes means a more modest, though still welcome, cost-of-living increase next year.
"Any increase is very helpful," she says."I'm 72 and I live in California, so the cost of living is quite high."
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