2022 Social Security Increase Reaches Biggest Boost in 40 Years; Retiring Later Could Bolster Benefits - NewsBreak

This week's declaration of the greatest Social Security cost-of-living adjustment since 1982 was pleasant news for retirees. It will contribute to mitigating the financial woes numerous people are facing. Beneficiaries for 2022 would receive a 5.9% increase in their checks. That is an improvement from a 1.3% benefit increase for 2021.