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October 14, 2022

Social Security Administration to Boost Benefits by 8.7% Amid Soaring Inflation
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The Social Security Administration has announced its largest increase in
benefits in more than 40 years. On Thursday, officials said retirees and
people who receive disability benefits will see an 8.7% boost to their
monthly checks beginning next year. The increase comes after
year-over-year inflation topped 8% over the same period. Meanwhile, new
housing data shows U.S. rents increased by 7.2% over the last year,
while an index of U.S. food prices grew by more than 11%. 


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