![](https://www.thestreet.com/.image/t_share/MTkwMDE1NjEyMjg0NjQyMzk3/social-security-money.jpg)
The U.S. Social Security Administration lifted its cost-of-living adjustment for 2023 by 8.7%, the most in more than four decades, as inflation continues to surge in the world’s biggest economy.
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