Social Security Admin. Announces Benefits Will Jump By 8.7% Next Year

Social Security Admin. Announces Benefits Will Jump By 8.7% Next Year

Assessment

Interactive Video

Social Studies

University

Hard

Created by

Wayground Content

FREE Resource

The Social Security Administration announced the largest cost of living adjustment in 40 years, with an 8.7% increase in benefits for 2023. This adjustment aims to help recipients cope with high inflation, providing an average increase of $140 per month.

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OPEN ENDED QUESTION

3 mins • 1 pt

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