According to Journal Now, there are five Social Security numbers for 2022 all retirees should know. These include:
- The average monthly benefit payment: $1,657
- The cost-of-living adjustment for 2022: 5.9%
- The wage cap: $147,000
- The value of a work credit: $1,510
- The earnings-test limit: $19,560
These five numbers change each year and are essential for anyone retired or looking to retire soon.
Even though the numbers change each year, they do not guarantee financial security for senior citizens. That is why our bill, The Senior Citizens Bill of Rights, was created. This bill provides seniors with seven essential rights that help ensure more financial security throughout their retirement. To learn more, visit our page here.
