Annual increases in the social security benefit check are related to the

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Annual increases in social security benefit checks are related to the current cost of living. This adjustment is made to ensure that the purchasing power of the benefits is maintained over time. The Social Security Administration uses the Consumer Price Index to calculate the cost-of-living adjustment (COLA) each year. The COLA is intended to help retirees keep up with the rising costs of goods and services.

Annual Increases in the Social Security Benefit Check Are Related