Social Security benefits will rise 5.9% next year, biggest increase in decades as inflation jumps - NewsBreak
By Ulises in Business
Updated 2 years ago
WASHINGTON — 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. The COLA, as it's commonly called, amounts...