U.S. Markets open in 6 hrs 17 mins

Social Security checks on track for their biggest annual boost since 2009

·4 min read
Social Security checks on track for their biggest annual boost since 2009

With all the doom and gloom and borderline panic on Wall Street over the alleged threat of inflation, here’s some modestly good news — if recent trends continue. Group analyst Mary Johnson told the website ThinkAdvisor that based on recent trends Social Security beneficiaries may be looking at a 4.7% cost-of-living-adjustment for 2022 when the announcement is made in October. The cost-of-living adjustments, or COLAs, are based on a specific inflation measure, tailored to the alleged typical shopping basket of working-age white-collar workers living in cities.