Social Security’s Record 2022 Increase Isn’t All It’s Cracked Up to Be

This fall, the Social Security Administration announced that roughly 70 million Americans will see a 5.9% bump in their Social Security payments in 2022. This increase is the highest cost-of-living adjustment in nearly 40 years. Unfortunately, the raise is due to the high inflation that Americans are seeing across the economy on things like healthcare, food, living expenses, and more.

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