Latest News
Another Look at the 2022 COLA’s Inadequacy
Live5news.com reporter Nick Reagan, in a post on their website, echos what many pundits have been saying since the 2022 5.9% cost-of-living adjustment was announced a few weeks ago. Calling it a “major increase” that “still falls short of inflation,” Reagan quotes David Monckton of Carolinas Wealth Management, “Even though there’s Social Security is going to go up roughly $92 a month, based on some of the earlier projections, about half of that would go toward paying higher calls for Medicare Part B,” Monckton said. “Social Security has just never kept up with the real rate of inflation, which is why inflation is such a concern.” Read the Reagan post here…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.