Inflation could prompt largest Social Security cost-of-living adjustment in decades.

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CNBC: The Social Security cost-of-living adjustment for 2022 could be 6.1% due to inflation, according to a new estimate.

That would be the biggest increase since 1983, according to non-partisan advocacy group The Senior Citizens League, which calculated the figure. It’s also a bump up from last month’s estimate, when the increase for next year was expected to be 5.3%.

“Your silver has become dross, Your wine mixed with water.”  Isaiah 1:22

The new estimate comes as the Consumer Price Index in June increased 5.4% from a year earlier, the largest gain since August 2008. Higher food and energy prices were among the culprits that helped push the inflation measure higher. Read More

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