Fountain Valley News - Your Hometown Community Newspaper

Social Security Gets Big Benefits Bump

 

Last updated 11/9/2021 at 5:31pm



The news is in. Our Social Security benefit for 2022 will increase by 5.9%, slightly less than the 6.1% estimate the government put out this summer. Still, that's much greater than the 1.3% increase we saw for 2021 and the 1.6% the year before.

The average monthly dollar increase will be $92, making the average benefit $1,657-per-month for a single person. For a couple, a $154 increase would come to $2,753 per month.

The official mail on the cost-of-living adjustment will come out in December.

I've done my calculations for next year, and once again I shake my head. We've been notified alre...



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