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Temper your expectations: The biggest increase to Social Security benefits in decades comes with positives and negatives. Jacob Lund / Shutterstock.com
Maybe you’ve heard that Social Security payments are getting their largest cost-of-living adjustment in decades this month. That certainly sounds like a good thing on paper, but the devil is in the details. After all, inflation is nearly as high as it’s been in decades, too. How big is this Social Security increase, really, and what will it affect? More importantly, when can you get it?