A shopper is shown at a supermarket in New York. On Thursday, Oct. 13, the U.S. government will announce what’s virtually certain to be the largest increase in Social Security benefits in 40 years. The boost is meant to allow beneficiaries to keep up with inflation, and plenty of controversy surrounds the move.
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Explainer: A huge jump in Social Security payments is coming
Tens of millions of older Americans are about to get what may be the biggest raise of their lifetimes.
