Interesting information that I received today from MOAA.
Quote:
Inflation continued its upward trend in July, increasing over June's value by 0.5%. This puts cumulative inflation at 6.2% since October.
The July consumer price index (CPI) is the first month used in calculating the annual COLA payable in January. That means that even if there's no inflation throughout August and September, the COLA would be 6.2%.
That would be the highest annual COLA since 1982 (8.7%
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In dire need of: faster horses, younger woman, older whiskey, more money.
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