Social Security Benefits Get A 5.9% COLA Increase For 2022

Published on: Jan 4, 2022
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SOCIAL SECURITY BENEFITS GET A 5.9% COST OF LIVING ADJUSTMENT INCREASE FOR 2022

KEY POINTS
  • Social Security beneficiaries will receive a 5.9% boost to their benefits starting this month.
  • The increase marks the highest annual cost-of-living adjustment in decades.
  • Here’s when you can expect to see your bigger checks and answers to other questions.

Social Security benefits are poised to get the largest annual increase in decades. Here’s what beneficiaries can expect when those checks start this month.

The 5.9% Social Security increase takes effect this month. CNBC[1]CNBC has information about what to expect.

 

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References

References
1 CNBC

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