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Social Security checks to get huge boost next year

(KYMA, KECY/ CNN) - Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022 which is the biggest cost-of-living adjustment in 39 years.

The change follows a burst in inflation as the economy struggles to shake off the drag of the Coronavirus pandemic.

According to estimates released Wednesday by the Social Security Administration, the increase amounts to $92 a month for the average retired worker.

The increase affects household budgets for about 1 in 5 Americans.

CNN

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Cole Johnson

Cole grew up in a small town of just over 3,000 people called Moravia, NY—home of President Millard Fillmore and Fillmore Glen State Park.

He is eager to wake up every morning with the Desert Southwest and give viewers the greatest coverage to start their day.

Contact Cole at cole.johnson@kecytv.com.

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