Key PointsSocial Safety offers a periodic price of residing adjustment.Seniors will see their advantages improve by 5.9% in 2022.The rising prices of 5 requirements may imply the COLA might not present a lot additional shopping for energy.Social Safety profit checks shall be a lot bigger subsequent yr for retirees. Seniors receiving retirement advantages are entitled to annual price of residing changes (COLAs) to assist preserve their shopping for energy. The 2022 COLA will present older People with a 5.9% profit improve.Whereas this will seem to be plenty of extra cash, the unhappy actuality is that rising costs in some key areas are prone to…
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