Breaking News: Retirees are getting an 8.7 percent Social Security cost-of-living raise, the biggest in decades. - HOT AIR BALLOON FLIGHT

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Breaking News: Retirees are getting an 8.7 percent Social Security cost-of-living raise, the biggest in decades.

BREAKING NEWS

Millions of Americans collecting Social Security will receive an 8.7 percent bump in their benefits next year, the largest raise since 1981.

Thursday, October 13, 2022 9:09 AM ET

The adjustment for 2023 is a welcome development for about 70 million Americans struggling to keep up with fast-rising living costs.

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