How much extra could Social Security beneficiaries receive in 2022? - The Motley Fool
In 2021, an average of 65 million Americans per month will receive a Social Security benefit, according to the Social Security Administration. The Social Security Administration states, among elderly Social Security beneficiaries, 21 percent of married couples and about 45 percent of unmarried persons rely on Social Security for 90 percent or more of their income. Seeing how Social Security is vital to the financial well-being of so many people, the announcement for the cost-of-living adjustment (COLA) in October is being watched by many. Why? Sean Williams explains this year’s COLA may be the biggest increase in nearly four decades; however, he warns that longtime Social Security beneficiaries are still worse for the wear. Read Mr. Williams’ article here….
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