Social Security benefits to increase with cost-of-living adjustment

Americans receiving social security will see their checks increase next year by 2.5% per month, which translates to just about $50 for the average recipient. The increase is smaller than in recent years, but is a sign that inflation is cooling.

We break down what that means for seniors and other recipients with Jill Schlesinger, CBS business analyst and host of “Jill On Money.”

This article was originally published on WBUR.org.