Social Security Checks Increasing by 5.9 Percent
This is the highest increase in decades
The Social Security Administration announced Wednesday that recipients will receive a nearly 6 percent increase in benefits next year.
The boost in benefits, which will affect nearly 70 million people, is being fueled by a spike in inflation caused by supply chain bottlenecks, worker shortages and other economic disruptions from the COVID pandemic.
The larger checks will begin to arrive for most recipients in January.
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