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The Grim Reality of Social Security's Record "Raise" in 2022

·6 min read
The Grim Reality of Social Security's Record "Raise" in 2022

When working Americans retire, there's a really good chance that they're going to be reliant on Social Security income to some degree. In April, national pollster Gallup asked a group of nonretirees to what extent they expect to rely on Social Security income when they hang up their work gloves. With this program playing a clear role in the financial well-being of our nation's elderly and disabled people, there's no announcement that's more important than the annual cost-of-living adjustment (COLA), which is released in the second week of October.