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What is the Social Security cost-of-living increase, and how do people receive it?

Por: The New York Times Business October 09, 2022

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Social Security, the monthly benefit paid to retirees, disabled people and survivors of beneficiaries, includes an annual cost of living increase that is announced every fall. It helps seniors try to keep pace with the price increases that touch every part of the economy. The adjustment for 2023 will be announced on Thursday, Oct. 13.The Social Security Administration, the federal government agency that oversees the benefits, adds that money to... + full article



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