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Never mind the Social Security increase, seniors are in trouble — here’s why

Paul Brandus
Never mind the Social Security increase, seniors are in trouble — here’s why

You might have heard that Social Security checks are going up 2.8% next year, the biggest rise in seven years. Higher payouts will simply enable retirees to keep up with the rising cost of living. In fact, retirees and those who are eyeing retirement risk going in a different direction: backward.