Social Security COLA Estimate for 2022 Raised to 5.3%

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The annual cost-of-living adjustment, or COLA, for Social Security benefits in 2022 — usually announced in October — could be 5.3%, the highest since 2009, based on Thursday’s Consumer Price Index announcement, according to Social Security and Medicare policy analyst Mary Johnson of The Senior Citizens League, who estimated the 2022 COLA at 4.7% a month ago.

Original Article Source Credits: Think Advisor, https://www.thinkadvisor.com

Article Written By: Janet Levaux

Original Article Posted on: June 10, 2021

Link to Original Article: https://www.thinkadvisor.com/2021/06/10/social-security-cola-estimate-for-2022-raised-to-5-3

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