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Rising Inflation Could Mean Largest Social Security Increase Since 1983

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Rising Inflation Could Mean Largest Social Security Increase Since 1983
A sign is seen outside a United States Social Security Administration building in Burbank, Calif., on Nov. 5, 2020. Valerie Macon/AFP via Getty Images
The Center Square
Updated:

Rising inflation and the price increases that come with it may lead to the highest raise for senior citizens in decades.

The Senior Citizens League predicted Thursday that the annual cost-of-living adjustment for 2022 Social Security payments could be the highest since 1983. The prediction comes as federal data this week showed two major signs of inflation, continuing a trend that has worsened this year.

The Center Square
The Center Square
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