Will bump in Social Security be enough to offset inflation?
Clip: 10/13/2022 | 5m 36sVideo has Closed Captions
Will the bump in Social Security benefits be enough to offset inflation?
For older Americans and retirees, there was some helpful news to accompany the latest inflation report. Americans taking Social Security will see an 8.7% bump in their benefits. That's starting in January thanks to the 2023 cost of living adjustment, known as the Social Security COLA. But how much will it help? Economics Correspondent Paul Solman breaks it down.
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
Will bump in Social Security be enough to offset inflation?
Clip: 10/13/2022 | 5m 36sVideo has Closed Captions
For older Americans and retirees, there was some helpful news to accompany the latest inflation report. Americans taking Social Security will see an 8.7% bump in their benefits. That's starting in January thanks to the 2023 cost of living adjustment, known as the Social Security COLA. But how much will it help? Economics Correspondent Paul Solman breaks it down.
Problems playing video? | Closed Captioning Feedback
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...