Inflation sizzled in September -- and Social Security benefits will get a boost
The Social Security Administration said benefits will increase next year to help keep pace with the rising cost of living.
NPR reports that the Social Security Administration said benefits will increase next year to help keep pace with the rising cost of living.
Consumer prices in September jumped 3.7% from a year ago.
This business story centres on the United States. Names and organisations mentioned in the coverage include Social Security and Social Security Administration.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- United States · Americas
- Reported by
- NPR
- First reported
- Key names
- Social Security, Social Security Administration
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
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