Articles Tagged with cost of living adjustment

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Social Security recipients in 2022 will benefit from an increase in the cost-of-living adjustment in the amount of 5.9%.

That is a significant increase over the 1.3% increase that was implemented in the year 2021.  It marks the highest such increase in the cost-of-living adjustment in more than 10 years.

The cost-of-living adjustment is calculated by inflation rates.  Inflation has risen by a significant 5%, the highest increase in more than a decade.

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