Inflation has been at a four-decade high and many consumers are feeling the strain -- especially the elderly. In this short video, Matt Frankel, CFP® explains why relief may be on the way for Social Security beneficiaries.
The Biggest Social Security Increase Since 1981 Could Be in Store for Seniors
This year's Social Security COLA should be close to double-digits.
By Matt Frankel, CFP – Sep 1, 2022 at 8:00AM EST
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About the Author
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst specializing in the real estate and financial sectors. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, Globe St, The National Desk, and other TV networks and publications for his real estate, financial, stock market, and investing expertise.