Cost of Living adjustment high as 5.3% Social Security 2022

[potluck6]

its 5.9 percent good to know.

[calendria]

 

Last increase was very low, $5.00 or so and my Homeowners ins went up $4.00, so I ended with a $1.00 increase!
Really hope this doesn't happen again with this one!

[sdenimandlace1]

I hope it happen at all with what they have going on.  Hope we get paid in Dec.

[mrisha]

Actually the COLA is going up to 6.0 or better for SS.

[ccandpam]

My Husband is on Social Security. I hope that he gets that big increase for 2022.

[sipingyu]

I feel that the actual inflation is actually higher than 5.3% if I loo at grocery store prices in my area.

[ssarber]

My parents live on SS and the increase isn't going to come close to the increase in groceries and gas. Too bad our country is going down in flames quickly 

[ghunter]

I hope this is true, I heard 6%, but 5 is good also.

[calendria]

 

Got my email from SS yesterday and confirmed the increase.  However, got the notice my taxes were increasing so escrow increased to offset and the amount left over is negligible.  Told you, also Medicare insurance went up 170+ per month.

[teresa3200]

That will help all the retired people if it happens!

[Jsnugs]

I will be looking for that 

[plennis]

The only problem is they also raised the amount they are taking out for Medicare, so I will only be getting about $5.00
more per month.  Same with everyone I have talked to.

[calendria]

 

The Medicare insurance companies raised the premiums, duh.  Covid19 cost us a lot!

Exactly!  35.00 more each month for Insurance and 40.00 Cola equals about $5.00 increase.  We. got. snooked.

[LaTashaS28]

Thanks for sharing, this is good to know

[calendria]

Thanks for sharing, this is good to know

You are welcome.  I believe if more numbers were shared regarding Social Security and Medicare, we would all be surprised!   $170.00 per month for Medicare and it used to be $134.00 per month.  No one told me before I started getting the insurance, so how could you know.