Social Security payments get biggest raise in over 40 years: How will it affect Northeast Ohioans?
WKYC: Michael Goldberg, associate professor of design and innovation at Weatherhead School of Management and executive director of the Veale Institute for Entrepreneurship, said the 8.7% boost in Social Security benefits for millions of Americans could be eaten up in part by the rising cost of everyday living. “When money is going out and not being replenished at a pace to keep up with the needs of future retirees, there is concern,” he said.