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COLA Keeps Social Security Strong Amid Rising Costs
Rising health care costs and inflation reinforce Social Security's role. AARP's Bill Novelli notes without annual COLA benefits would be about 25 percent lower. Next year average retiree benefits rise to 922 dollars, couples to 1523, disabled to 862, amid debates on Medicare drug benefits and private insurer competition.
MENTIONED IN THIS ARTICLE
Bill Novelli
AARP
American Association of Retired Persons
Novelli
George W. Bush
Social Security Administration
Socialsecurity.gov