Entertainment
Cola Social Security increase 2022 update – ‘$1,104 checks’ will be sent in THREE DAYS

Cola Social Security increase 2022 update – ‘$1,104 checks’ will be sent in THREE DAYS

EIGHT million SSI recipients are set to begin receiving increased payments on December 30, as about 72million Americans will see a 5.9% Cola increase in January 2022. The average cost of living allowance – or Cola, as it is commonly called – will increase by $92 per month from the start of 2022. But the exact amount for each recipient varies, according to CNBC. The huge spike is down to a burst in inflation as the economy struggles to shake off the drag of the coronavirus pandemic. With the increase, the federal benefit will be at its highest point since… Read Full Article