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

Summary by Ground News
The 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.
10 months ago·Washington, United States

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Times of India

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

10 months ago·Mumbai, India
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Reuters

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

10 months ago·United Kingdom
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CBS Local

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…

10 months ago·United States
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USA Today

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.

10 months ago·United States
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Washington Times

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.

10 months ago·Washington, United States
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abc News

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

10 months ago·United States
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Bias Distribution

65% of the sources are Center
CNN
HuffPost
CBS Local
USA Today
abc News
Associated Press News
The Washington Post
CBS News
+13
Reuters
IBTimes
The Hill
KVIA
KRDO
KIFI
+51
Times of India
Washington Times
Boston Herald
Wall Street Journal
justthenews.com
Fox 17
+1
The Daily Caller
National Review
The Epoch Times
WND
L 23%
C 65%
12%
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