June Social Security Payment Changes: What You Need to Know

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Source: Fox Business
June Social Security Payment Changes: What You Need to Know
Photo: Fox Business
TL;DR Summary

Some Americans will receive one less Social Security payment in June due to a scheduling quirk, as June 1 falls on a Saturday, causing some SSI recipients to get their June payments on May 31. This will happen again in August and November. Despite a modest cost-of-living increase this year, many retirees are struggling with high inflation and rising costs, with some planning to seek employment due to insufficient payment increases.

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