Veterans and retirees who receive Social Security benefits are set to get an 8.7% cost-of-living increase next year, the highest since 1981. See the potential bias and similarities in coverage from cnn, foxbusiness and militarytimes:
Veterans and retirees who receive Social Security benefits are set to get an 8.7% cost-of-living increase next year, the highest since 1981.the move will give beneficiaries"more peace of mind and breathing room.
Someone receiving the average Social Security monthly payment of $1542 would see an extra $134 each month with the increase. Last year's cost-of-living bump for Social Security recipients was 5.9%, which also came amidNews sources across the political spectrum typically framed the news as a welcome development while inflation remains stubbornly elevated, but also highlighted voices who said the increase wasn't enough to keep up with higher costs.
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