Social Security

1 Result / Page 1 of 1

Background

Events

Social Security COLA largest in decades as inflation jumps

WASHINGTON (AP) — Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022. The biggest cost-of-living adjustment in 39 years follows a burst in inflation as the economy struggles to shake off the drag of the coronavirus pandemic. The COLA increase amounts to $92 a month for the average retired worker, according to estimates released Wednesday by the Social Security Administration. The increase affects household […]

today10/13/2021 14

0%