Social Security Recipients Could Get a Big Raise Next Year

Social Security Recipients Could Get a Big Raise Next Year

Your Social Security income could get a nice boost next year if inflation continues to climb. Every year, Social Security considers changes in the price of goods and services to determine if Social Security recipients deserve a raise. Instead, the decision to increase payments is based on the annual price change in various goods and services using the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).