Social Security Is About To Give You A Big Raise. Here's Why — And It's Not All Good
The Social Security Administration will announce a new cost-of-living adjustment next month, and it will likely be the highest in 40 years due to the high levels of inflation currently battering the country's wallets.
The Expected COLA Increase: Of the 70 million Americans that take part in benefits programs, 52.3 million are over the age of 65.