1 Number Shows Why 2022's Social Security Raise Isn't All It's Cracked Up to Be
In 2022, retirees will receive more money in each Social Security check. Social Security beneficiaries are getting a 5.9% cost-of-living adjustment (COLA), which is the biggest benefits increase in decades.
While this may seem like a generous income bump, there's one other number older Americans need to know that shows why this raise really isn't good news at all -- and is actually likely to leave them falling further behind financially.
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Source Fool.com
