Social Security Payments Rising 4.4% in 2022 – Who’s Getting Paid on February 14th?
Washington, D.C. – January saw an increase in the average Social Security check for retirees, with payments rising by 4.4 percent compared to the previous year. This boost was attributed to a 3.2 percent Cost-of-Living Adjustment (COLA) and higher average salaries of retirees claiming benefits over the last year. While the average payment reached over $1,900, it’s important to note that most beneficiaries do not receive a payment of this size. In fact, the median …