Largest Social Security increase in 40 years starts in January

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Social Security benefits will go up in January by 8.7%, the largest cost of living increase in 40 years. Consumer Investigator Rachel DePompa shares how much extra money you could see, plus expert advice on how you can best manage it.

benefits will go up in January by 8.7%, the largest cost of living increase in 40 years. The Social Security Administration said the increase translates to an average of $140 dollars more per month.

said while there’s no easy fix for how much everything is costing right now, there are ways to make your money stretch as far as possible.High interest rates make your debt more expensive. List your debts and pick one to tackle. Pay any extra you can towards that one debt. Once you pay it off, move to the next debt on your list.Track where your money is spent to find costs you can rein in or cut out altogether.

 

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Due to inflation. Thanks Joe Biden 😒

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