Social Security Cost-Of-Living Adjustment Largest In Decades

The video discusses a 5.9% cost of living increase, the largest in 39 years, providing an extra $92 monthly. This adjustment comes as the economy deals with inflation and the pandemic's effects. Historically, cost of living adjustments averaged just over 1.6% in the past decade.

What economic factors are influencing the cost of living adjustments?

What has been the average cost of living adjustment over the past ten years?