Social Security recipients expected to get big benefit boost

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Social Security recipients expected to get big benefit boost

WASHINGTON – Millions of Social Security recipients will learn soon just how high a boost they’ll get in their benefits next year.

The increase to be announced Thursday, expected to be the largest in 40 years, is fueled by record high inflation and is meant to help cover the higher cost of food, fuel and other goods and services. How well it does that depends on inflation next year.

The announcement comes just weeks before the midterm elections, and at a time when Democrats and Republicans are sparring about high prices now and how best to shore up the program financially in the future.

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