COLA

COLA
Cost Of Living Adjustment
Retirement
Social Security

Social Security's 2022 5.9% COLA Raise Can't Beat Inflation

The U.S. Social Security Administration said Wednesday that it will boost the cost-of-living adjustment for benefits in 2022 by 5.9% — the most in nearly four decades, as rising inflation puts a big dent in the purchasing power of those on fixed incomes. Some 64 million Social Security beneficiaries and 8 million Supplemental Security Income […]

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