Social Security COLA Set at 5.9 Percent for 2022
Social Security COLA Set at 5.9 Percent for 2022
Nov 23, 2021
AARPJohn Waggoner​
Social Security Administration Boosts 2022 COLA Payment By 5.9% As Inflation Pressures Surge
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Social Security benefits in 2022: How much more money you may get with the new COLA
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The Social Security Administration's COLA, or cost-of-living adjustment, will be 2.8% in 2026, the agency said on Friday, with Social Security retirement benefits set to increase by about $56 per month on average starting in January. CNBC's Sharon Epperson explains what the change means for retirees. Read the full story: cnb.cx/4oEp1Qb Sign up for the Money 101 newsletter for more personal finance updates: cnb.cx/3HU95t9 | CNBC
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