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AP National News

EXPLAINER: Why the Social Security COLA is jumping next year

By RICARDO ALONSO-ZALDIVAR Associated Press WASHINGTON (AP) — Rising inflation has triggered a jump in Social Security’s annual cost-of-living adjustment, or COLA, for 2022. The Social Security Administration revealed the new 5.9% COLA on Wednesday. Compare it with the last 10 years, when the cost-of-living adjustment averaged about 1.7% annually as inflation remained low. But

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