Social Security checks could grow by nearly 11% next year if inflation persists
Text: Social Security recipients could see their monthly checks balloon by 10.8% next year if inflation persists at its current rate, a recent analysis finds.
But wait, the article later says: But given inflation has remained stubbornly high all year—with the consumer price index increasing 8.6% in May—the increase will likely fall somewhere between those two figures, potentially around 8.8%, says CRFB. That would still be the fourth highest COLA ever.
8.8% is not 11%, but no matter, whatever sells publications works.