2022 Social Security COLA update

Based on the CPI-W figures for July and August, the 2022 COLA will be 5.8%

The final number will be available about October 15 when the September CPI-W is known. The calculation is based on the average of July, August and September each year compared with the previous year.

One comment

  1. I know that a lot of social security recipients will welcome this news and might even think that it is great. But in reality, that is how much buying power the US dollar has lost in a year. I guess when you just print money….

    Liked by 1 person

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