Social Security Cost of Living Increase Will be 5.9 Percent in 2022

www.nytimes.com
2 min read
standard
The increase, a cost-of-living adjustment that applies to about 70 million Americans, comes as consumer prices have jumped sharply.
Social Security benefits will increase 5.9 percent in 2022, the Social Security Administration said on Wednesday, an increase that applies to about 70 million Americans.

The increase, a cost of living adjustment, comes as consumer prices in the United States have seen their sharpest increase in years. The adjustment is tied to the Labor Department's Consumer Price Index, which rose 5.4 percent in September, from a year…
Mohammed Hadi
Read full article