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Huge Raise in Social Security for 2022?

Anyone who shops for groceries or fills their gas tank is having a bit of late 1970s “sticker shock” as of late.  While inflation is not in the double digits like the bad old 1970s, it has seen an uptick.  If that trend continues, it could result in seniors getting a big Social Security raise on Jan 1, 2022.  Of course any raise just allows one to “keep up” as in not fall further behind.  Thus, it’s hardly a “raise” at all.  Maurie Backman explains it all and breaks down what may be coming in this piece here.

 

 

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