Department of Labor’s Consumer Price Index (CPI-W)

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Social Security Benefits Increase in 2022

The Social Security Administration has announced that approximately 70 million Americans will see a 5.9% increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2022. Federal benefit rates increase when the cost-of-living rises, as measured by the Department of Labor’s Consumer Price Index (CPI-W). The CPI-W rises when inflation increases, leading to a higher cost-of-living.

Short URL: http://www.advancingstates.org/node/73190

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