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Retirees Could Lose $77,900 Under New COLA Plan: 80% Face Smaller Social Security Raises

International Business Times UK — August 24, 2026 at 09:07 AM UTC

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Retirees Could Lose $77,900 Under New COLA Plan: 80% Face Smaller Social Security Raises

A proposed flat-rate COLA could cut Social Security benefits by up to $77,900, impacting retirees and fueling debate over the program's financial future.