2022 Could Be a Rough Financial Year for Social Security Retirees. Here's What to Do

·3 min read
2022 Could Be a Rough Financial Year for Social Security Retirees. Here's What to Do

If you're a retiree receiving Social Security, news of the largest benefits increase in decades may have you feeling optimistic about the future. Unfortunately, while it's true seniors will get a 5.9% Social Security benefits increase in 2022, the sad reality is this raise is likely to fall far short of what they need to maintain their standard of living. In fact, instead of ending up flush with cash due to a bigger monthly check, many seniors could find 2022 is a rough financial year.

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