Could Social Security Recipients Get a Big Raise Next Year?
Your wallet may get a little thicker next year thanks to Social Security's annual cost-of-living increase, or COLA.
Every fall, the Social Security Administration determines whether to award a COLA increase depending on how much Americans are paying for specific goods or services. This year, its annual review could result in the biggest increase to Social Security income in over a decade. Read on to learn how Social Security decides how to award COLA increases and how big the increase to your income could be in 2022.
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Source Fool.com
