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The Independent UK

National

Fatima Hussein

Social Security recipients expected to get big benefit boost

Social Security Medicare Joe Biden Karine JeanPierre Rick Scott Inflation United States

Copyright 2021 The Associated Press. All rights reserved.

Millions of Social Security recipients will learn soon just how high a boost they'll get in their benefits next year.

The increase to be announced Thursday, expected to be the largest in 40 years, is fueled by record high inflation and is meant to help cover the higher cost of food, fuel and other goods and services. How well it does that depends on inflation next year.

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