October 17, 2021

good news for some of you!  Social Security benefits are going to rise by 5.9% for next year, which will translate to about $92 more per month.  This is the largest increase in the last four decades:

The bad news?  This is where most of the extra dollars will go (for all consumers):

  1. Cost of energy = +9.6%
  2. Grocery prices = +4.5%

Overall prices are already up from last year by 5.4%.