Social Security's 5.9% Raise Isn't All Good News

·3-min read
Social Security's 5.9% Raise Isn't All Good News

For months, seniors on Social Security have been waiting to hear what 2022's cost-of-living adjustment, or COLA, will look like. This week, the Social Security Administration announced that seniors will be in line for a 5.9% COLA in 2022. A giant COLA might seem like a wonderful thing for seniors.

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