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[Tuff-Stuff]

COLA is coming: Here's how much Social Security Benefits are likely to rise

(Then MEDICARE cost will rise)---can't win!

Retirees will have to wait a few more days to get official news about next years
Social Security's cost of living adjustments, but they are on track for an average benefit hike of $140 a month starting January, according to data published by the Federal Reserve Bank of Cleveland.

That would be an 8.7% annual hike, the biggest in more than 40 years.

According to the Social Security Administration the average monthly retirement benefit is $1,627.

We won’t know for sure until the official September inflation data have been published later this week. The Social Security Administration will use those numbers to calculate the official annual COLA.

more
https://www.marketwatch.com/story/cola-is-coming-heres-how-much-social-security-benefits-are-likely-to-rise-next-year-11665446467?mod=newsviewer_click