By Baltimore Heritage from Baltimore, MD, USA - Social Security Administration Metro West Tower & Complex (1980), 300 N. Greene Street, Baltimore, MD 21290, CC0, https://commons.wikimedia.org/w/index.php?curid=69292051

Inflation in the Biden economy is continuing to run hot, with the newly released CPI (Consumer Price Index) for September showing another 5.4 percent year over year increase.

There may be a silver lining however, at least for those individuals receiving Social Security Benefits.

As CNBC reports:

The Social Security cost-of-living adjustment will be 5.9% in 2022, the Social Security Administration announced on Wednesday.

The 5.9% COLA will be the biggest boost to Social Security beneficiariesā€™ checks in about 40 years.

In 2021, the Social Security COLA was 1.3%.
Social Security beneficiaries will see the increases in the monthly checks starting in January. The estimated average monthly benefit for all retired workers will rise to $1,657, up from $1,565.
The 5.9 percent increase will be the biggest increase in 40 years.

 


Subscribe
Notify of
guest
26 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
John M
John M
1 month ago

Thank You Brandon!

John M
John M
1 month ago
Reply to  John M

But Iā€™m still voting for Trump šŸ™‚

Donnie Sauls
Donnie Sauls
1 month ago
Reply to  John M

Hell yeah

Scotty
Scotty
1 month ago
Reply to  John M

Me too!

Jo A Murphy
Jo A Murphy
1 month ago
Reply to  John M

Mr too!

Darrell
Darrell
1 month ago
Reply to  John M

Too bad the damned democrats will steal the election AGAIN!

Rick
Rick
1 month ago

I’d rather have secure borders, more police enforcement, cheaper gas, no mandates, and respect from our allies and the world.

Diana Macdonald
Diana Macdonald
1 month ago
Reply to  Rick

DITTO….RICK!!!!!

SUSAN
SUSAN
1 month ago
Reply to  Rick

COPY THAT !!

NoSlack
NoSlack
1 month ago

This does not matter one bit. After raising social security, MEDICARE will raise also taking back all you gained in social security paymetns.

bmp66
bmp66
1 month ago
Reply to  NoSlack

True, and it makes me want to throw up with disappointment!

Wayne E Patzlaff
Wayne E Patzlaff
1 month ago
Reply to  NoSlack

Total bullshit lol