Cola Social Security increase 2022 update – New ‘$1,104 checks’ to be sent in just DAYS in January cost of living boost

MILLIONS of Social Security beneficiaries will receive $1,104 checks when the cost-of-living adjustment takes place in January 2022. The average cost of living allowance – or Cola, as it is commonly called – will increase by $92 per month from the start of 2022. But the exact amount for each of the 64million recipients varies, according to CNBC. The huge spike is down to a burst in inflation as the economy struggles to shake off the drag of the coronavirus pandemic. With the increase, the federal benefit will be at its highest point since 1982. The estimated average Social Security… Read Full Article