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Social Security's COLA Increase is The Same For All States, but Can Buy 27% More in Mississippi Than California

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International Business Times Fews App News Provider
Fews App Post Time há 5h

The same amount of money has approximately 27% more purchasing power in Mississippi than in California and 24% more than in New York. Saul Loeb/AFP via Getty Images Millions of Americans receiving Social Security benefits are getting a 3. 6% cost-of-living adjustment in 2027, but the purchasing power of that increase will depend heavily on where they live.

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