Tag: COLA

The average social security recipient gets around $1,565 per month, and will soon get an additional $92. The current maximum amount received in $3,895. Once the 5.9% COLA increase goes into effect, the maximum amount with break the $4,000 mark and be ... MORE

A bill called Social Security 2100: A Sacred Trust, would adjust the formula used to determine COLA and get rid of the Windfall Elimination Provision. Current and new claimants would also see an increase in money. Congressman John Larson plans to introduce ... MORE

64 million claimants will be getting a huge increase in their social security in 2022. On average a person will see $92 more dollars per month. Those collecting SSDI will see an additional $76 per month. This is the highest increase since ... MORE

This January over 70 million social security recipients will benefit from a 5.9% raise for their cost of living adjustment. On average a recipient will get $92 more dollars a month. The issue is that inflation is expected to keep going up ... MORE

The latest increase for Social Security recipients is 5.9%, one of the biggest in recent history. It will give beneficiaries on average an extra $92 per month. While this is good news, it makes up for inflation that senior citizens have had ... MORE

On Wednesday the Social Security Administration announced a major Cost of Living Adjustment. In fact, the increase was the largest in the last 40 years. Now, experts are already signaling another major increase for 2022. The annual Cost Of Living Adjustment, or ... MORE

Social Security will get a 5.9% Cost of Living Adjustment for 2022. The $92 per month adjustment will be the biggest increase to Social Security benefits in 39 years. It’s all due to inflation, which saw major increases over the last 8 ... MORE

On Oct. 13 the Social Security Administration announced the increase in benefits for social security would be 5.9% come Jan. 2022. This is the largest increase since 1983 when the COLA was increased by 7.4%. The adjustment done is by looking at ... MORE

COLA is the cost of living adjustment that is made to social security recipients every year to make sure people receive enough after inflation. The increase is decided on using data provided by the Consumer Price Index for Urban Wage Earners and ... MORE

For weeks Social Security recipients have been waiting to learn what the Cost Of Living Adjustment would be effective January 1, 2022. While a COLA decision is days away now from the Social Security Administration — latest projections show a decline from ... MORE

Social Security increases their COLA every year in order to match inflation, and the last time it saw a substantial increase was in the 1980s, but the pandemic may be giving beneficiaries a nice surprise this month. Because COLA is directly influenced ... MORE

Inflation and rising prices due to the pandemic have hurt a lot of people collecting social security, but the changes for the next year are announced in October every year, and rising cost of living usually makes for bigger increases. The 2022 ... MORE

Senior citizens collecting social security may see their payments increase more than they ever have in 2022. The increase is around 6%, the highest since 1985, which saw a 7.4% increase. However, the extra cash may never be seen as higher prices ... MORE