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There's Good News and Bad News for Social Security Retirees

·3 min read
There's Good News and Bad News for Social Security Retirees

The bad news for retirees is that while they are getting the biggest benefits increase in four decades, the 5.9% raise they'll receive in 2022 is still is likely to fall short of maintaining the buying power they enjoyed before. Retirees' COLA was calculated based on inflation data from July, August, and September of 2021.