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Nearly 72.5 million Americans rely onSocial Security.
The program keeps millions of seniors and disabled people out of poverty, one monthly payment at a time.
However, as youll soon see, some months witness dramatic fluctuations.
TheSSAhas not yet released its August statistical snapshot.
What Will the Average Payment Be in the Fall?
The SSA does not predict future average payments because not even the agency can guess what theyll be.
The 2022 COLA increased payments by 5.9%.
This year it fell to 3.2% as inflation receded.
That is a double-edged sword for retirees on a fixed income.
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