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Tag: social security retirees

For social security retirees, bits of really aweful news

For social security retirees, bits of really aweful news

Social Finance
The issue is, two bits of downright awful news followed, which means most seniors won't wind up good regardless of greater checks. Indeed, many will wind up in a more regrettable monetary circumstance as far as how far their cash goes. Retired people got some apparently uplifting news as of late when the Social Security Administration reported that Social Security recipients would get a 5.9% typical cost for basic items change in 2022. This is the biggest raise in forty years, and it implies that retired people will, in principle, end up with substantially more cash. Reports are showing 6.2% expansion Government managed retirement's COLA depended on an adjustment of the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). COLAs are determined by contrasting t...