Highest Social Security COLA increase in nearly 40 years could be coming
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Highest Social Security COLA increase in nearly 40 years could be coming

In 2021, Social Security benefits increased by just 1.3 percent, raising the average benefit by only about $20. Social Security recipients can look forward to one of the largest cost-of-living adjustments in nearly 40 years in 2022. The Senior Citizens League predicts an increase of 6.2 percent based on consumer price index data from July. “The estimate is significant,…