The Social Security Administration announced the new COLA for 2022. Here's how much more money will be in the average benefit check.
Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022.
Over the last 10 years, the Social Security COLA has averaged about 1.7% annually as inflation remained low.
WHY ARE SOCIAL SECURITY BENEFITS ADJUSTED?
Policymakers say t...