Inflation Has Uneven Social Effects
High prices may cause some to pull back on purchases, but for others it can mean catastrophe.
LEARN MOREPosted: 1:37 p.m. EDT Apr 20, 2022
The Social Security Administration is responding to the highest inflation rates in 40 years with what's expected to be the biggest cost-of-living raise in decades.
The estimated adjustment next year could be up to a nearly 9% increase, based on recent inflation data.
We'll know for sure where the cost of living raise lands when the Social Security Administration releases the final adjustment percentage in October.
