Seniors may have negative effects from a significant Social Security rise.

For pensioners struggling with rogue inflation.

The largest rise in Social Security payments in 4 decades is mostly a remarkable achievement.

For other seniors, though, the 8.7% increase in monthly funds generated with downsides. e.

Some seniors might discover for the first time that they file tax returns on receiving income.

While others would have to pay increased Medicare premiums.

.Or have other federal aid cut or eliminated.

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Additionally, if a future depression is present, the increased payouts could cause Social Safety's reserve assets.

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That was all about to deplete more quickly than anticipated.

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A significant Social Security increase has consequences, For some elderly.

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