Social Security cost-of-living adjustment could be 6.2% in 2022

[IsailedawayfromFR]

KEY POINTS
Social Security’s annual cost-of-living adjustment for 2022 could be the highest it’s been in years.
Based on the latest consumer price index data, beneficiaries could see a 6.2% boost next year.
The preliminary estimate is subject to change before next year’s adjustment is officially calculated.

New consumer price index data points to a possible 6.2% cost-of-living adjustment for Social Security recipients for 2022, according to the latest estimate from The Senior Citizens League.

That’s up from a 6.1% estimate the nonpartisan senior advocacy group projected last month.

Social Security’s annual COLA is calculated each year based on the Consumer Price Index for Urban Wage Earners and Clerical Workers, or CPI-W.

https://www.cnbc.com/2021/08/11/social-security-cost-of-living-adjustment-could-be-over-6-percent-in-2022.html

[DefiantMassRINO]

I'm sure that wasn't in the actuarial calculations for the alleged Social Security Trust Fund.  That's kicked can is as far down the road as they hoped.

[GtHawk]

KEY POINTS
Social Security’s annual cost-of-living adjustment for 2022 could be the highest it’s been in years.
Based on the latest consumer price index data, beneficiaries could see a 6.2% boost next year.
The preliminary estimate is subject to change before next year’s adjustment is officially calculated.

ew consumer price index data points to a possible 6.2% cost-of-living adjustment for Social Security recipients for 2022, according to the latest estimate from The Senior Citizens League.

That’s up from a 6.1% estimate the nonpartisan senior advocacy group projected last month.

Social Security’s annual COLA is calculated each year based on the Consumer Price Index for Urban Wage Earners and Clerical Workers, or CPI-W.

https://www.cnbc.com/2021/08/11/social-security-cost-of-living-adjustment-could-be-over-6-percent-in-2022.html

Guaranteed that if the COL is 6% the increase for Medicare will be 5% or more