Greetings, everyone! Social Security checks will be 5.9% higher, starting with the batch of payments that go out tomorrow for people whose birthdays are between the 1st and 10th of the month. (Here's a quick roundup of the major Social Security changes for 2022: https://www.thepennyhoarder.co...al-security-changes/)
If you get Social Security: Is a 5.9% raise enough for you? The COLA will add $92 to the average retiree's check and $76 to the average disability check. But for a lot of people, the Medicare premium increase will eat up a chunk of this year's COLA. That's not to mention all the cost increases we're seeing for housing, groceries, heating, etc.
If you work, do you plan to ask for a raise this year? Would you be happy with the 5.9% raise Social Security recipients are receiving? Also, if you do plan to ask for a raise, will you mention inflation when you make your request? Or will you keep the focus on your performance, accomplishments, etc.?