BusinessJanuary 18, 2022
Social Security COLA increase takes effect
The 2022 cost of living (COLA) increase for Social Security, 5.9%, was effective Wednesday as new benefit checks arrived for millions of recipients. Checks will be an estimated $92 higher with the average payment rising from $1,565 to $1,657 per month...
The 2022 cost of living (COLA) increase for Social Security, 5.9%, was effective Wednesday as new benefit checks arrived for millions of recipients.
Checks will be an estimated $92 higher with the average payment rising from $1,565 to $1,657 per month.
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Married couples collecting benefits will see an average monthly increase of $154, with disabled beneficiaries expected to see their checks rise from $1,252 to $1,358.
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