Today, the Social Security Administration announced in a press release that approximately 70 million Americans who receive Social Security and Supplemental Security Income (SSI) will receive a cost-of-living adjustment (“COLA”) seeing an increase in their benefits of 5.9% in 2022.
64 million Social Security beneficiaries will see their 5.9% COLA increase in January 2022. Eight million SSI beneficiaries will see their benefits increase begin on December 30, 2021. (Please be advised that some individuals receive both Social Security and
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