Inflation has been at a four-decade high and many consumers are feeling the strain -- especially the elderly. In this short video, Matt Frankel, CFP® explains why relief may be on the way for Social Security beneficiaries.
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This year's Social Security COLA should be close to double-digits.
About the Author
Matt Frankel, CFP, is a contributing Motley Fool Personal Finance Expert and Stock Market Analyst covering financial and real estate sectors, plus personal finance. Prior to The Motley Fool, Matt was a high school and collegiate mathematics instructor. He holds a B.S. in Physics from University of South Carolina, an M.S. in Mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. Fun fact: Matt won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act.
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Matthew Frankel, CFP, is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/frankel, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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