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Stimulus payment worth $1,800 could hit eligible Pennsylvania state residents' bank accounts. This payment somehow relieves residents who're suffering from this inflation.
The United States Bureau of Labor Statistics published a Consumer Price Index for All Urban Consumers (CPI-U) report on September 13 that stated Pennsylvania's CPI-U increased by 8.1 percent in August.
The chart below shows how much Pennsylvania's CPI-U changed from August 2019 to 2022.
As per the experts' estimates, residents could get an average increase of 8.7% in monthly COLA benefits, which means seniors could get up to $1,801.
According to the U.S. Census Bureau and Population Estimates Program (PEP), approximately 2.8 million (19%) of the Pennsylvania population is 65 or older.
Preeti Malani, M.D., director of the poll, says, "For our most vulnerable older adults, the huge increase we've seen in food costs could make a bad situation worse."
But if seniors could get increased monthly COLA benefits, it could provide some help to them.
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