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U.S. Social Security Benefits to Increase by Most in 40 Years

    

Photographer: Dennis Brack/Bloomberg

U.S. Social Security and Supplemental Security Income benefits will rise by 5.9% in 2022, the largest bump since 1982, the Social Security Administration said Wednesday.

More than 64 million American retirees collecting benefits will receive the increased payments starting in January to compensate for the rise in the cost of living, the administration said.