Social Security

This is GOOD news? Higher oil prices mean higher Social Security COLA. 😳

Gasoline is going to cost more this summer, but higher prices is good news for some Americans (sort of). Higher oil prices mean higher inflation and higher inflation equals a higher COLA for Social Security beneficiaries.

Let’s hope the inflation on what seniors spend money on doesn’t offset the value of a COLA.

Here is what The Motley Fool has to say.

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