Social Security’s 5.9% COLA Raise Can’t Keep Up With Inflation

The U.S. Social Security Administration said Wednesday that it will boost the cost-of-living adjustment for benefits in 2022 by 5.9% — the most in nearly four decades, as rising inflation puts a big dent in the purchasing power of those on fixed incomes.

Source: https://www.thestreet.com/retirement/social-securitys-cola-raise-cant-keep-up-with-inflation?puc=yahoo&cm_ven=YAHOO&yptr=yahoo


YouTube video