Will we see the "dramatic" increase in our SS Checks in Jan?

[LakeArenal]

[Harker]

1. December, paid in January, will show a 6.9% increase.

Yay.

[calguy]

2. Yes. Y

You should have already gotten a letter from SS informing you of the amount you'll receive. My wife and I got ours two weeks ago.

[KarenS]

3. "Dramatic" is one of those words,,,, means different things to different folks,,,,

If you are signed up in the Social Security Admin website you can go look to see what your next payment is,,,, if you're not signed up,,, go signup then you can check,,,, mine was about $110 after paying for medicare,,, so was my Husband's,,,,

[redstatebluegirl]

4. How much did Medicare go up?

It seems like every increase I get goes away after Medicare increases kick in.

[nykym]

6. The Meidcare increase was due to the

FDA approving the Alzheimer drug was $56000/year but they cut it down to $28200/year
Not sure if that will bring the Medicare increase down though.

[plcdude]

5. You can

Check on your own “my social security” site. I did and it will be 6.9% but it doesn’t really all that much due to other rising costs

[a kennedy]

7. Damn, my increase is only 5.9%........

[LakeArenal]

8. Damn straight.

[sinkingfeeling]

11. My SSA says my increase is 5.9%, which is what SSA announced..

https://www.ssa.gov/cola/

Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 5.9 percent in 2022.

[Shermann]

12. The COLA increase is definitely 5.9% nt

[abqtommy]

9. Just got a letter from Social Security that my son's SSI payment is going up from 54 bucks

to 56 bucks starting in January. Too bad this increases doesn't match the rate of
the increases in costs for groceries and other expenses! It could be worse. I suppose.

[LakeArenal]

10. That's why "dramatic" is in quotes.

[doc03]

13. I will get a $102 increase and Medicare is going up $22 so I will get $80

more but since I have 10% taken out for income tax I will clear $72 more. Not exactly dramatic IMO.

[ailsagirl]

14. So I understand

Looked up my SS online and there it was; the new amount, which will be paid Jan 3rd.