How Inflation, Medicare and Taxes Could Eat Away at Your Social Security Cost-Of-Living Adjustment for 2022 - NewsBreak
By Tarikul in Business
Updated 2 years ago
Social Security benefits are poised to increase by a record 5.9% in 2022. However, rising costs due to inflation means the extra funds may not go as far. Two other items, higher Medicare Part B premiums and taxes, could also take a bite out of any increases. Social Security's...