Wednesday, October 13, 2021

Social Security Increase For 2022

ssa.gov
Social Security Announces 5.9 Percent Benefit Increase for 2022
"The 5.9 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 64 million Social Security beneficiaries in January 2022... The maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $147,000."

This is the first time I will be seeing a decent increase. Hopefully it will be enough to carry me through 2022's increasing costs of inflation.

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