Bad news for millions of social security recipients

By: News Email
By: News Email

There's bad news for social security recipients next year.

Government officials are expected to announce this week that more than 58 million social security recipients will not get an increase in their monthly benefits next year.

It will mark only the second straight year without an increase since automatic adjustments for inflation were adopted in 1975.

According to the social security administration, the average social security benefit is about 1,072-dollars a month.

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