Economic Report: Social Security benefits to jump 5.9% in 2022 in biggest increase in 40 years
Retired Americans who collect Social Security are about to get the biggest “raise” in 40 years: A 5.9% increase in their monthly payments starting in January.
The biggest increase in the cost-of-living adjustment for Social Security since 1982 is a bit of a double-edged sword, though. It going up so much because U.S. inflation is running at the highest rate in at least a decade or more.
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