Big cost-of-living hike coming for Social Security recipients
By Tim Darnell, Atlanta Journal-Constitution Troy Warren for CNT Biden fires Social Security commissioner; inflation impacting COLAs Americans who collect Social Security are set to receive their biggest cost-of-living adjustment (COLA) since 1983, but they’ll have to wait until January 2022 to get them. That’s because the Social Security Administration adjusts its payments only once a year, starting with December benefits that are paid in January. That means seniors and other Social Security beneficiaries wouldn’t receive a COLA until January 2022. According to a new forecast from the Senior Citizens League, the COLA will surpass 1983′s hike of 7.4%. But, as…