Inflation Drives Biggest Boost In Social Security Benefits In Almost Four Decades - NewsBreak

With inflation at its highest rate in a decade, the Social Security Administration (SSA) on Wednesday announced a 5.9% increase in cost-of-living adjustments (COLA), the highest increase in nearly four decades. Beginning in December or January 2022, monthly payments will increase from $1,565 to $1,657 for the average retiree. Benefits...