Here’s how much your Social Security check will increase in 2022


Social Security beneficiaries will see a 5.9% increase to their monthly checks in 2022.

That’s much more than the 1.3% adjustment made for 2021, and the largest increase since a 7.4% boost in 1980s.

Check out this video to see how much money this will add to your benefits and to see more about how the increase compares with other changes in the past.

More from Invest in You:
How Walmart and other big companies are trying to recruit more teenage employees

Americans are more in debt than ever and experts say ‘money disorders’ may be to blame
How much money do you need to retire? Start with $1.7 million

Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Virgin Galactic delays beginning of commercial spaceflights to fourth quarter 2022

Thu Oct 14 , 2021
Carrier aircraft VMS Eve takes off from Spaceport America in New Mexico, carrying spacecraft VSS Unity on July 11, 2021. Virgin Galactic Virgin Galactic is delaying the beginning of its commercial space tourism service to fourth quarter 2022, with the company on Thursday announcing a reorganization of its development and […]