Big boost for Social Security benefits as inflation rises - NewsBreak

Home > Business
By Gesard in Business
Updated 3 years ago

WASHINGTON — (AP) — 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,...

big-boost-for-social-security-benefits-as-inflation-rises-newsbreak