Why Social Security's Huge 2022 Raise Still Isn't Enough

In 2022, Social Security retirees will see a 5.9% increase in their Social Security benefits, thanks to the largest cost of living adjustment (COLA) in around 40 years. 

This raise may seem generous at first glance, but the reality is that it's likely to fall short of actually helping seniors to maintain their standard of living.

There's a simple reason for that, and it's one every current and future retiree needs to understand so they can have a realistic idea about what Social Security benefits will do for them throughout their later years. 

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Source Fool.com