Huge Social Security increase comes with drawbacks for some seniors

When it comes to the Social Security benefits hike, there are pros and cons for retirees. The bigger question is what the next year has in store for the economy, and for rates of inflation. If a recession does strike, it’s anyone’s guess as to what all of that means for the annual cost-of-living adjustment — and for many people about to receive much-needed larger benefits.

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Source Article: https://finance.yahoo.com/news/social-security-increase-drawbacks-182450907.html

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