Economist: Social Security increase offsets cost of living
The Social Security Administration announced on Wednesday recipients will get a 5.9% increase next year to offset rising cost of living prices.
Social security recipients to receive record adjustment increase in 2022; experts question if it will be enoughIn a little more than two months, social security recipients are getting the biggest cost of living adjustment in 40 years. However, the increase won't be considered extra income for many.
Social Security sees largest cost of living adjustment in decades as inflation jumpsMillions of retirees on Social Security will get a 5.9% boost in benefits for 2022.
![Social security recipients to receive record adjustment increase in 2022; experts question if it will be enough [Video]](https://video.newsserve.net/300/v/20211028/2110281418-Social-security-recipients-to-receive-record-adjustment-increase.jpg)
![Social Security sees largest cost of living adjustment in decades as inflation jumps [Video]](https://video.newsserve.net/300/v/20211013/2110131804-Social-Security-sees-largest-cost-of-living-adjustment.jpg)
