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These adjustments affect both workers and retirees. diplomedia / Shutterstock.com
Social Security recipients likely already know that their benefits get a bump almost every year to counteract the effect of inflation. But that cost-of-living adjustment is just one of several annual tweaks to the Social Security system. These increases affect folks who are already retired as well as those who have yet to retire. Following is a look at what will change for 2023.
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