4.7% cola raise for Social Security, SSDI, and SSI benefits in 2022
In this video, we discussed the cost of living adjustment for Social Security, SSDI, Social Security disability, and SSI, supplemental security income. At this time, because of all of the inflation and the rise in CPI otherwise known as consumer price index, it is estimated that the cost of living adjustment or COLA in 2022 for Social Security, SSDI, survivors, retirement, and SSI benefits will be in line with roughly 4.7% which is one of the highest raises we have seen in many many years. This is even a low estimate as to some figures, some people are suggesting that thought COLA, cost-of-living adjustment for Social Security, disability, retirement, SSDI, survivors, as as I could be even higher, possibly even the highest we have seen in decades. We will continue watching this very closely as inflation is very high right now and many people who receive these fixed income benefits are relying on additional raises to their benefits to keep up with pricing and prices. This is an update on the COLA or cost-of-living adjustment for Social Security, this is a figure that is typically released in the fall and the adjustment takes place the following year, however at this time many people are anticipating a very high COLA or a cost-of-living adjustment for 2022. How much is the COLA for 2022, that is what we discussed in this video.
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Diamond Eyes – Stars
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