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Social Security payments set for big increase. What to know.

Por: ABC News Business October 12, 2022

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NEW YORK -- Tens of millions of older Americans are about to get what may be the biggest raise of their lifetimes. On Thursday, the U.S. government is set to announce how big a percentage increase Social Security beneficiaries will see in monthly payments this upcoming year. It’s virtually certain to be the largest in four decades. It’s all part of an annual ritual where Washington adjusts Social Security benefits to keep up with inflation,... + full article



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