2022's Social Security Raise Is Already Failing Seniors -- Here's Why

For years, seniors on Social Security have bemoaned the fact that their annual cost-of-living adjustments, or COLAs, have been stingy. But this year, seniors got a pleasant surprise.

Last October, it was announced that seniors would be getting a 5.9% COLA for 2022, representing their most generous raise in decades. And following that news, many seniors no doubt were able to breathe a sigh of relief.

But while a 5.9% COLA may seem like something to celebrate, the reality is that it's already letting seniors down. Here's why.

Source Fool.com