Your Social Security COLA for 2022 may not go as far due to inflation and Medicare costs
Despite the biggest cost-of-living adjustment in decades, Social Security beneficiaries may still find it challenging to make their monthly checks stretch farther next year.
The reasons: Inflation is continuing to drive up consumer prices, while standard Medicare Part B premiums will rise by 14.5% in 2022 in a bigger-than-expected jump.
The Consumer Price Index, a government measure for the change in prices over time, climbed 6.2% year-over-year in October, marking the biggest inflation increase in 30 years.
Retiree News 
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