In 2021, the average monthly Social Security benefit came out to $1,565. After a 5.9% cost-of-living adjustment scheduled to go into effect next year, the average benefit will rise to about $1,657.
The Social Security Administration recently announced that Social Security and Supplemental Security Income benefits for 70 million Americans will increase 5.9% in 2022. Adjustments were made to help.
This week, House Representative John B. Larson, chairman of the House Ways and Means subcommittee on Social Security and major advocate of the enhanced Child Tax Credit, presented a revised Social.
After months of negotiations with various segments of the Democratic party, and "hearing input from all sides and negotiating in good faith with Senators Manchin and Sinema, Congressional Leadership,.