Social Security Checks Will Be Much Bigger in 2022. That's Bad News for Retirees - NewsBreak

Social Security retirees are on track to get the largest annual raise in history. This isn't good news because retirees may be left with less money overall. In 2022, Social Security retirees will likely receive a Social Security cost-of-living adjustment (COLA) equal to 6% to 6.1% of their benefits, according to the Senior Citizens League. This is the biggest benefit increase in decades and will leave the average retiree with about $93.20 more in their monthly checks.