Social Security benefits to jump 5.9% in 2022 in biggest increase in 41 years

Social Security to have largest cost-of-living increase in nearly 40 years

The increase affects household budgets for about 1 in 5 Americans, nearly 70 million people, including Social Security recipients and disabled veterans.

Social Security benefits boosted

WASHINGTON — 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, as it’s commonly called, amounts to $92...

Social Security to have largest cost-of-living increase in nearly 40 years

The increase affects household budgets for about 1 in 5 Americans, nearly 70 million people, including Social Security recipients and disabled veterans.

Social Security recipients get a 5.9% increase, but the price increase will offset the increase

Alejandra Ramos Barreda (CNN) - Social Security recipients in the United States will receive an annual cost-of-living adjustment of 5.9% next year, the largest increase since 1982, the Social Security Administration announced Wednesday. retiree monthly payments at US $ 92 to an estimated average of US $ 1,657 by 2022. "This would be the highest COLA [cost of living adjustment] that most beneficiaries living today have seen," said Mary Johnson, a…

Social Security checks getting 5.9% boost adding $92 a month

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, as it’s commonly called, amounts to an added $92 a month for the average retired worker, according to estimates Wednesday from the Social Security Administration. It’s an abrupt break from a long lull …

Social Security checks will be boosted nearly 6 percent as inflation rises

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, as it's commonly called, amounts to an added $92 a month for the average retired worker, according to estimates Wednesday from the Social Security Administration. It's an abrupt break…