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The Average 2023 Monthly Benefit–How Do You Compare?

The Motley Fool’s Maurie Backman, in a post on, reports on the 2023 COLA-infused average monthly benefit. As she points out, though, one of the important things to be remembered about the 8.7% bump is that it simply reflects the impact of inflation, and it’s well known that the steadily rising cost of living is continuing to affect the ability of seniors to keep pace with the prices they face. Ms. Backman’s post addresses this point in the context of how important it is to have additional income sources to offset the differences. Check out her post here…

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