The Grim Reality of Social Security's Record "Raise" in 2022
When working Americans retire, there's a really good chance that they're going to be reliant on Social Security income to some degree.
In April, national pollster Gallup asked a group of nonretirees to what extent they expect to rely on Social Security income when they hang up their work gloves. An all-time record 38% expect it to be a "major source," with 85% of respondents expected to lean on the program in some capacity to make ends meet.
With this program playing a clear role in the financial well-being of our nation's elderly and disabled people, there's no announcement that's more important than the annual cost-of-living adjustment (COLA), which is released in the second week of October.
Source Fool.com
