Powerful Senior Group Warns: 2022 Social Security Raise Isn't All It's Cracked Up to Be
Seniors on Social Security will see much higher checks next year. That's thanks to a 5.9% cost of living adjustment (COLA), which is an increase that occurs in most years to raise benefits when a certain consumer price index shows costs are going up.
The 5.9% benefits increase is the biggest income bump current retirees have seen in decades, so that's good news right? Not necessarily, according to a powerful senior advocates group called the Senior Citizens League.
Image source: Getty Images.
Source Fool.com
