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EXPLAINER: Why the Social Security COLA is jumping next year

Rising inflation has triggered a sizable increase in Social Security's annual cost-of-living adjustment, or COLA, for 2022. The Social Security Administration announced the 5.9% COLA on Wednesday after a Labor Department report on inflation during September.
United States David Certner Security Administration Labor Department Social Security Social Security Administration

EXPLAINER: Why Social Security COLA will jump next year | iNFOnews | Thompson-Okanagan's News Source

WASHINGTON (AP) โ€” Rising inflation is expected to lead to a sizeable increase in Social Security's annual cost-of-living adjustment, or COLA, for 2022. Exactly how much will be revealed Wednesday morning after a Labor Department report on inflation during September, a data point used in the final calculation.
United States San Francisco Jeff Chiu David Certner Ricardo Alonso Zaldivar Labor Department
Source: infotel.ca

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