Tuesday, July 26, 2022

The average Social Security check increased this year due to inflation: Here’s how much it is

The average Social Security check increased this year due to inflation: Here’s how much it is

Article Excerpt: "With inflation at its highest rate since 1982, the Social Security administration made a 5.9% cost-of-living adjustment (COLA) for benefits doled out in 2022. In April 2022, the average monthly benefit for retired workers was $1,666.49. The average monthly benefit spousal benefit was $837.34. ..."



Resource: www.cnbc.com

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