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Social Security benefits to get biggest boost in more than four decades

Name: Social Security benefits to get biggest boost in more than four decades
Uploaded: 2022-10-13T13:07:20-0400
Duration: 4 min 54 s
Description: Social Security benefits will increase by 8.7% next year — the biggest rise in more than forty years. However, the move is fueled by record-high inflation. CBS News MoneyWatch reporter Aimee Picchi discusses how this will impact Americans' wallets.

Social Security benefits will increase by 8.7% next year — the biggest rise in more than forty years. However, the move is fueled by record-high inflation. CBS News MoneyWatch reporter Aimee Picchi discusses how this will impact Americans' wallets.