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How Will Your Social Security Benefits Stack Up to the Average in 2022?


If you're receiving Social Security benefits, you'll be earning a significant raise next year.

The Social Security Administration recently announced that beneficiaries will earn a 5.9% increase in benefits in 2022 to account for cost of living adjustments, which is the biggest boost in decades.

Exactly how much more you'll receive each month will depend on your benefit amount, however, so some beneficiaries will collect more than others. Here's how your monthly checks compare to the average -- as well as steps you can take to increase your benefit amount.

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Source Fool.com


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