One of the few positive by-products of spiking inflation is that the Social Security Administration (SSA) noticed and did something about it. As a result, a number of important changes are coming to a Social Security statement near you in 2022.

Here, we'll look at five major changes to Social Security that you should have on your radar. 

As the headliner of major changes happening in 2022, the SSA announced that all beneficiaries will receive a 5.9% increase in their monthly benefit checks beginning next year. This increase is designed to help retirees maintain their purchasing power amid rising prices throughout the economy. Remember that even though you'll receive more, your ability to purchase goods and services really hasn't changed much from the year prior -- but it's still something to appreciate.

Continue reading

Source Fool.com