How Much Money Will Social Security Recipients Get With Cost Of Living Increase?

The Social Security Administration announced an annual cost of living adjustment of 8.7% amid a rising inflation rate. The adjustment represents the largest one-time increase since 1981, and the largest experienced by beneficiaries alive today. Editor in Chief of TheBalance.com Kristin Myers joins News NOW to help us understand what this number means for people on Social Security.

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#SocialSecurity #CostofLiving #Inflation

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