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Modest Raise For Social Security Recipients
Social Security payments will increase by 1.7 percent next year. That comes to about $20 a month for the average Social Security recipient. This will affect 70 million Americans, mostly retirees and veterans, according to Diane Swonk, senior economist for Mesirow Financial. But Swonk says the cost-of-living increase falls short of the inflation that older Americans are actually seeing. Read more…
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