Social Security Benefits to See Big Jump, But Concerns, Debates Linger Social Security benefits again could see their highest increase in several decades, but those advocating for beneficiaries say there is still plenty of concern about financial hardships, as well as politics surrounding the program.
The latest forecast indicates 2023 benefits will increase by around 9% when the decision is announced in October.
Jon Bauman, president of Social Security Works's political action committee, said while the higher adjustment helps buffer recent inflation woes, it still might not be enough for many older Americans.
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