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On paper, a different index may seem better poised to shield retirees from inflation. But economists argue that it’s flawed. zimmytws / Shutterstock.com
American retirees are expecting more than a change in the weather as October approaches, bringing with it the announcement of the highly anticipated cost-of-living-adjustment (or COLA) to Social Security benefits. The Social Security Administration raises benefits every year to bring them up to speed with inflation. The boost is calculated using the average inflation rate in the third quarter…
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