Cola Social Security increase 2022 update – $1,657 checks being sent in DAYS in huge cost of living adjustment boost

The first Cola Social Security payments of 2022 will be sent out this month, with the first ones going to those with a birthday between the 1st and 10th of the month. Payments this year will be 5.9 percent larger than in 2021 following the largest cost-of-living adjustment in just under 40 years, representing a rise of $92 for retirees. The Cola increase is tied to the consumer price index increase as determined by the US Department of Labor Statistics. The rise in payments means a retired worker will now see, on average, their monthly check increase from $1,565 to… Read Full Article