This Tuesday, Oct. 12, 2021, photo shows a Social Security card in Tigard, Ore. Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022. The biggest cost-of-living adjustment in 39 years follows a burst in inflation as the economy struggles to shake off the drag of the coronavirus pandemic. (AP Photo/Jenny Kane)
October 13, 2021
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October 13, 2021 10:25 a.m.
Big boost for Social Security benefits as inflation rises
the estimated average Social Security payment for a retired worker will be $1,657 a month next year