Social Security recipients expected to get benefit boost
They’ll get in their benefits next year millions of Social Security recipients will learn soon just how high a boost. On Thursday the increase to be announced, in 40 years expected to be the largest, is fuelled by record high inflation and is meant to help cover the higher cost of food, fuel and other goods and services. Next year how well it does depends on inflation. In Medicare Part B premiums the boost in benefits will be coupled with a 3% drop, meaning retirees will get the full impact of the jump in Social Security benefits. About high prices now and how best to shore up the program financially when Democrats and Republicans are sparring in the future comes just weeks before the midterm elections the announcement, and at a time. To protect both Social Security and Medicare President Joe Biden has pledged. He said last month “I’ll make them stronger”. “I’ll lower your cost and be able to keep them”. Medicare premiums will give seniors a chance to get ahead of inflation throug...