Social Security benefits to jump 5.9% in 2022 in biggest increase in 41 yearsThe COLA amounts to $92 a month for the average retired worker. It marks an abrupt break from a long lull in inflation that saw cost-of-living adjustments averaging just 1.65% a year over the last 10 years. For baby boomers who embarked on retirement within the last 15 years, it will be the biggest increase they've seen.
social security: US Social Security benefits set to increase 5.9% in 2022
US News: With the increase, the estimated average Social Security payment for a retired worker will be $1,657 a month next year. A typical couple's benefits wo
U.S. Social Security benefits to rise by most since early '80s
-U.S. Social Security benefits for more than 70 million Americans will rise by 5.9% for next year, the Social Security Administration said on Wednesday, marking the largest annual increase in roughly four decades owing to this year's run-up in inflation. The payments for most recipients will rise in January, though a smaller pool will start receiving their larger checks in December. The
Those Eligible For Social Security To See Near-6% Increase In Benefits In 2022
NEW YORK (CBSNewYork) — If you’re one of the millions of people who receive Social Security benefits, you’re going to see a bigger check soon.The Social Security Administration announced Wednesday there will be a 5.9% boost in benefits for 2022.The average retired worker will get about an extra $92 per month — for a check around $1,650.It’s the largest increase since 1982.The boost comes after a year of surging inflation, as the economy struggle…
Social Security checks to increase 5.9% under cost-of-living adjustment
The one upside to surging inflation is that those getting some government checks will see bigger payments, with Social Security announcing a 5.9% cost-of-living adjustment Wednesday.
Social Security cost-of-living increase will boost benefits 5.9% in 2022, most since 1982 amid COVID-19-related inflation spike
Social Security payments are set to rise 5.9% in 2022 for 68 million retirees, disabled people and others. That's the most since 1982.
Social Security recipients get 5.9% increase, but rising prices will offset the boost
Social Security recipients will see their monthly checks soar by 5.9% next year, the largest increase since 1982, the Social Security Administration announced Wednesday, though rising prices due to inflation will likely offset the benefit to seniors.
Social Security checks getting big boost as inflation rises
Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022
Social Security recipients to get cost-of-living raise of 5.9%, biggest since 1982
It's the biggest increase in almost 40 years, and it comes as inflation is eating away at seniors' buying power.
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 .
Social Security benefits to rise 5.9 percent for roughly 70 million people in 2022
The benefit increase is large due to increases in inflation.